02-02-2011, 07:26 PM
Here's the funny thing. Before I reviewed their returns, they were to receive a Fed refund of $7,200 and a State refund of $600.
We are high school friends. I'm also a CPA.
Even with the complexities of his taxes (personal, LLC AND Corporation) he always got a discount. Last year the charge was $475.
There is no charge for me to review his taxes. It is gratis. A favor.
He also knows I volunteer my services to low income and non-english speaking citizens, during tax time.
What I resent is the statement: "We can't afford your tax prep this year."
Financially, they're solid. No outrageous debt - comfortable savings and investments - solid and profitable businesses.
And then there's the Trust Fund.
I'm thinking of suggesting a breakfast meeting. Have him and his wife bring a boat load of unnecessary documents and receipts.
You know . . . "Just to be sure". And . . . "You don't want to go through an audit." Plus . . . "Penalties are a bitch."
I'll propose a fee of 20% of either additional taxes OWED or REFUNDED for the service - SINCE TIMES ARE TIGHT!
I'll call him at home, tonight.
We are high school friends. I'm also a CPA.
Even with the complexities of his taxes (personal, LLC AND Corporation) he always got a discount. Last year the charge was $475.
There is no charge for me to review his taxes. It is gratis. A favor.
He also knows I volunteer my services to low income and non-english speaking citizens, during tax time.
What I resent is the statement: "We can't afford your tax prep this year."
Financially, they're solid. No outrageous debt - comfortable savings and investments - solid and profitable businesses.
And then there's the Trust Fund.
I'm thinking of suggesting a breakfast meeting. Have him and his wife bring a boat load of unnecessary documents and receipts.
You know . . . "Just to be sure". And . . . "You don't want to go through an audit." Plus . . . "Penalties are a bitch."
I'll propose a fee of 20% of either additional taxes OWED or REFUNDED for the service - SINCE TIMES ARE TIGHT!
I'll call him at home, tonight.