FISCHER, CARRILLO & ASSOCIATES

$200K FCA WINS Relief for Client

 The son of an 80+ year old mother had received a notice from the IRS stating that the taxpayer had sold a home 2 years prior, failed to file her tax return and had a balance of $200k due including two years interest. IRS further stated they would be placing a levy on her bank accounts.

After reviewing the case, we determined that the home sale would have no capital gains to report.  Additionally the client would receive a refund for that year.

Further more we discovered the taxpayer had not filed taxes for 4 years.  After reviewing the information for the 4 years we determined that the client would receive a significant refund for each.

Fischer, Carrillo & Associates prepared all 4 years tax returns and the client was relieved of the $200K tax debt to the IRS.  In addition the client received $12K in refunds.