A Professional who cares..About YOU!
updated regularly
The Tax Man Cometh! IRS Announces 25% Increase in Tax Audits and Tax Collection Enforcement-The Secret to Survival-You work hard for your money but it’s not how much you make, but how much you get to keep.
Increase in Tax Audits-The government tax agencies have realized that t he secret to raising large amounts of money is to collect small amounts from a lot of people, and that’s exactly what they are doing. Looking to solve the budget crisis by closing the tax gap, the IRS began doing “silent” tax audits in 2001 and developed new audit software program which instantly examines your tax return. When any difference shows up, even if it is incorrect, a tax deficiency notice is automatically generated and if the notice is not responded to the bill is turned over to collection agencies and tax lien is sent to your employer to garnish your wages as well as to your bank to freeze accounts until the tax bill is paid. Bank liens cause checks to bounce and the information is reported to credit bureaus. Many people who are afraid or don’t know how to effectively challenge the notice suffer needlessly. Many of these victims have used free on line tax filing websites or canned software to prepare their own tax returns while others have their tax returns prepared by part time tax preparers who close shop after April 15.
Punitive Tax Collection Enforcement Without Due Process- Some States are violating long established tax compliance and collection procedures to balance the budget..read more..
Your Personal Tax Advocate-Fortunately, you have an advocate to help avoid this! Andy Powers has dedicated his career of more than 35 years toward helping people just like you to ensure proper tax return preparation and to deal with tax planning and tax audits and empower you by leveling the playing field. As a family owned business which began as Crotona Tax Service back in the Bronx in 1960, where Andy Powers first began helping local residents with preparing their personal tax returns, clients felt like family and came from miles around each year to prepare their tax returns, certain that they would receive the biggest tax refund because their tax return was prepared by professionals who knew the tax laws and would compute the lowest tax liability allowed by law. PLUS, all new clients are given a FREE courtesy review of their prior year tax returns, and if there is an error or a refund is possible, a corrected tax return will be filed and Andy will fight for you to collect that refund owed to you.
Since graduating Iona College with the degree of Bachelor of Business Administration in 1973, Andy has consistently advanced his professional tax education and experience, working with both large international CPA firms as well as a Tax Director for Americas largest privately held multinational industrial leveraged buyout company, where he initiated tax planning strategies and defended against tax audits saving millions of tax dollars.
But Andy’s true passion has always been those of his family’s business; honesty, integrity and justice, advocating for middle income Americans (both working in the U.S. and overseas) who need his help the most; whether preparing their tax returns, avoiding tax problems or lowing tax liabilities through tax planning strategies and educating clients of new tax laws as well as defending against unfair tax audits and collection notices.
Information that is Outside of The Box-What distinguishes Andy from other tax accountants and CPAs is his expertise in understanding the fundamentals of tax law including the “behind the scenes” political and economic agenda for initiating constant changes to the tax code as well as the legislative process of becoming tax law before being handed to the Treasury Department to promulgate tax regulations which are administered by the IRS who enforces compliance and collection of taxes. Years of working with IRS and state revenue agents has given Andy insight as to how the revenue agencies work and how they think, and how this affects you as an American taxpayer.
Our tax business has been built mainly on referrals, and we have received thousands of letters from out clients over 4 decades thanking us for our prompt, courteous and professional services. Many have referred friends and family to us to find solutions to their tax problems. While these letters are heartwarming, most important is knowing that without us, they would have become victims of the system which can only be fully understood by one who has worked as an “insider” of this system for so many years.
Our Guarantee to You-Because we are so confident that each client will receive the best possible service, all tax return preparation services are guaranteed. If there is an error the tax return will be corrected at no additional cost or a full refund given for the tax return preparation fee. In addition, if any error results in an IRS penalty, Powers & Company will pay that penalty or reimburse the client directly.
Penalties for errors can easily equal or exceed the fee of having a professional prepare your tax return, and when the tax man cometh, you are left dealing with a big nightmare. It is no wonder that the IRS wants people to prepare their own tax returns with boxed software because when the tax correction notice goes out with penalties and interest, most are paid without question. What better way to close the budget deficit.
So act now before it’s too late! New clients are limited to a first come-first served basis, so reach out to us now through the Contact Us page of our website so you can be assured of being added to our list of new clients for years to come. Take advantage of this opportunity to have your prior year tax returns reviewed at no charge and if there is an error you may be entitled to an additional refund. Most people don’t realize that the time to file for a corrected tax return refund is limited by law-even though the time for the IRS to call on you if you have not filed a tax return is unlimited, and even if you have a refund due you for tax returns filed late, the IRS does not have to issue you a refund for returns filed beyond the statute of limitations-but they can and WILL bill you for any tax underpayment along with interest and penalties!
Don’t wait until it’s too late! Read our website and feel free to contact us with any questions you have and don’t forget to mail us copies of your prior three year tax returns for your FREE review. This service has been worth thousands of dollars to many of our new clients. And don’t worry if you don’t live in the area. Most of our clients don’t. They use our free tax organizer (available on the web site) to organize their information and send us their documents and information using first class mail and the internet. As an established merchant, we accept all forms of credit cards so you can receive your refund before even paying our fee.