We will work with you to collect and evaluate information necessary to substantively document and support a refund claim. Initially, all we will need is a power of attorney to collect your transcript to identify potential refund opportunities.

We will analyze the information collected and reconcile to the appropriate interest charge or refund amount. We will then provide feedback on adequacy of data to support our calculations. Once the supporting information is gathered and reconciled, we will be responsible for preparation of supporting interest refund claim including detailed schedules supporting interest refund claim.

The main areas of our review will include the following:

Generally, tax refund claims will be substantively reviewed and audited by the states and/or the IRS. Under a limited Power of Attorney, we provide audit representation services after you are notified that the refund is under examination. With your oversight and approval, we will represent you in the review of the interest claim.

We will perform an annual FIRRE review within 60 days following the close of your tax year-end. We will pursue any new recoveries on your behalf and provide you with a report with our findings. Our report will specifically advise you of any new penalties applied to your federal tax transcripts (e.g. employment tax) along with an explanation of the interest, penalty or other account transcript related recoveries identified.

If you’ve had assessment payments in the last six years that exceeded your cumulative potential interest off-set items (e.g. credit elect, refunds etc.), we will carefully review all your federal transcripts for all affiliates (including new acquisitions) for new opportunities to off-set cumulative excess tax underpayments for interest netting opportunities.

Performing an annual transcript FIRRE analysis will allow you to identify penalty mitigation opportunities and insure that the statute does not close on interest recovery opportunities.