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Publication 4170 Rev September EFTPS Business Financial Institution Stuffer  Form

Publication 4170 Rev September EFTPS Business Financial Institution Stuffer Form

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I just found thirty thousand dollars for my client from his back taxes that he can now amend and requested back from the IRS why did he do such a mistake of overpaying the IRS the answer is that he had a tax preparer the person that just prepared his taxes you know tax preparer should put the right numbers in the right boxes you would think but that person put the right numbers in the wrong boxes meaning he classified my clients income from an S corporation as passive income as an investment income as a result my client ended up paying an extra 3.8 percent net investment income tax eight hundred thousand dollar business income which resulted in an extra 30 000 unnecessary tax IRS is not going to tell my client hey this was checked incorrectly you get the money back no if you have a tax preparer you do not have a tax planner what you need is in the Tax Advisor with tax planning strategies for every year

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