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| Testimonials | ||
TRADERS
SERVICES: IRS EXAMS
GTT represents you before the IRS and/or state
tax authorities.
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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 then a hand full 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 traders 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 copy cat 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 (at 212-658-9502) your IRS tax
notices and replies, as well as the tax return being examined. See
our Privacy Policy. We keep your
fax and 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 will 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 mail. This is great, since
now
you don't have to have the IRS visit you or go 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 prepare a corrected tax return first to fix all
the botched errors made by your initial tax preparer. Sometimes, there
are more tax benefits in the correct return, other times there are errors
that cost you money. We have to present a correct return.
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 (who has been working with them from day one on these new laws).
If you have any questions, send us a confidential e-mail at info@greencompany.com or call us at (203) 938-4716. 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.
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. 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
-----Original Message-----
From: Kxxx Ayyy [mailto:kxxx@caldera.com]
Sent: Thursday, January 17, 2002 11:00 AM
To: Robert A. Green CPA
You have completed my tax returns for 1999 & 2000. With their
tax
strategy, I could adjust my 2000 losses against my 1999 gains. I had an
audit on my 2000 return for MTM qualification which you successfully
closed. The services are very professional with prompt follow up and
availability. After assigning your return, you could take off
your
tax headache.
Thanks
Kxxxx