INVESTORS
SERVICES: IRS EXAMS

GTT represents you before the IRS and/or state tax authorities.

GTT IRS Tax Exam Representation Service $500

See many testimonials about our successful exam services. Click here.

We have the fewest traders examined, and the best record in dealing with the IRS. Less than a handful of our trader preparation clients have been examined by the IRS over the past four years, since the new trader tax laws were passed. To date, we have won all exams, but a few are still in progress and are proving to be protracted.

See our new "Part-time trader" and "Money losing trader" pages for the difficult issues faced in these exams.

Our competitors are actually causing their traders to be examined, and their clients have no choice but to hire GTT to fix and win their case.

We have also been engaged by many traders who want us to represent them before the IRS after their tax preparer botched their returns. Wow! We can't believe all the horrible work we have seen, including many returns done by our copycat competitors who profess to be trader tax experts.

In many cases, we believe the tax preparers caused the exam. For example, one of the most famous trader tax experts tells traders to report mark-to-market trading losses on Schedule C (Profit or Loss from Business). He probably has his firm prepare returns this way, as well. This is entirely wrong, as mark-to-market trading losses are reportable on Form 4797. Any trader can find this information on the IRS Web site (search for Day Trader). See our Alert page for more information about the sloppy and erroneous work done by our would-be competitors.

What you should do if you get an IRS exam notice?
We highly recommend that you fax us your IRS tax notices and replies, as well as the tax return being examined. Our fax number is (212) 658-9502. See our Privacy Policy. We keep your tax information entirely confidential. We will quickly reply to you if we think we can help and win your case. We don't want to take on the aggravation of a potentially losing case.

How our exam representation service works
If we think we can win, we will give you an idea of how much time we need to spend on your case and request a retainer of $500. We then have you sign a Power of Attorney for our GTT CPAs to deal directly with the IRS. We call the IRS agent and reschedule the exam so that it is conducted by e-mail and snail mail. This is much better than an in-person exam, since now you don't have to have the IRS visit you, and you don't have to visit them. You are relieved from the entire process, which is good, since agents like to intimidate taxpayers. Now, however, the shoe is on the other foot. GTT, the recognized expert in trader taxation, will have to educate the agent, who is now intimidated because he or she doesn’t know the trader tax law as well as is necessary.

In most cases, we can win the exam right off the bat simply by explaining trader tax status, why you qualified for it and how you reported it correctly. Many times, we have to first prepare a corrected tax return to fix all the mistakes made by your initial tax preparer.

The IRS respects GTT and, if necessary, we bring in the big guns from the IRS office who are writing the trader tax laws and are familiar with Robert A. Green, CPA. From day one, Green has been working with these IRS agents on the new tax laws.

If you have any questions, send us a confidential e-mail at info@greencompany.com or call us. We will tell you the next step to take. Remember, we won’t seek a retainer to sign you up unless we are confident we can win your case.

Testimonials

Read some below from our very grateful clients who are thrilled we saved them before the IRS juggernaut.
-----Original Message-----
From: Bxxx Nyyyy [mailto:byyyyy@yahoo.com]
Sent: Wednesday, August 28, 2002 5:31 PM
To: Robert A. Green CPA
Subject: Thank you
Dear Bob,
Finally it's over. I would like to express my most grateful thanks to you and Mr. Green. His insight of the IRS law and your work have saved my family.
From now on, you can count me as one of your loyal customers.
Bxxx Nyyyy

-----Original Message-----
From: Jxxxx Syyyyy [mailto:jxxxxx@ec.rr.com]
Sent: Tuesday, January 15, 2002 11:44 AM
To: Robert A. Green CPA
Bob,
I want to thank you for the excellent job you did on my income tax audit for the year ending Dec 99.
That was a complicated year for me since I had declared trader tax status in my 1998 filing, so the auditor would be questioning how I qualified according to the applicable, complicated set of rules. I also had significant medical deductions in that time period and they were used to offset an IRA withdrawal. When I first received notice of the audit, I was very upset since I had undergone a total audit just 2 years ago. When I started preparing for it, I felt quite overwhelmed on how to handle the trader portion. I knew that I could be charged with additional taxes and penalties, not only if I were incorrect, but also if I couldn't totally defend my deductions because I didn't have the knowledge of the trading rules. So, even though your office handled my taxes that year and I was convinced that they were a correct representation of my income and deductions, I knew that I could still end up paying taxes if I didn't have the capability of explaining the tax status and the deductions correctly. When I decided to turn over the audit to you, I felt such a breath of relief. Your office handled it efficiently and you minimized the work that I was responsible for. By having such an in-depth knowledge of the tax code as it relates to trading, you were able to deal with the auditor and confirm that I both met the qualifications for trader status and filed correctly. I just received notice of "no change", meaning that the audit is over and I owe nothing additional. Thank you for your work on my behalf.
Jxxxxxx

Kxxxx