Ron Lykins, Inc. CPAs Success Stories

Looking back to 2004 saves client over $2,500
Recently Jeanne Griffin, Ron Lykins Inc. CPAs Tax Specialist, was able to save her client over $2,500. This client received a lump sum of $112,000 from a Social Security Settlement for a developmental disability going back to 2004. The IRS levied a tax of $4,723. By going back to 2004 and recalculating the tax levied by the IRS, we were able to reduce her tax owed to $2,125, a savings of $2,598.

Ron Lykins, Inc CPAs Saves Client Over $15,000
Recently a new client contacted Ron Lykins, Inc. CPAs after a 5-year struggle with the IRS. Despite the client's numerous attempts over this 5-year time period, the client had been unable to stop the IRS' efforts to collect an erroneous amount due of $11,000 from a 2004 tax return.

Ron Lykins, Inc. CPAs appealed the IRS decision and obtained an immediate stop to its collection activities. After several months and a telephone conference with an IRS agent, the IRS reversed its position on the 2004 tax return and issued $2,776 in refunds. Thus Ron Lykins, Inc. CPAs was able to save the client $15,776 in tax savings and accumulated interest.

Maintaining Accurate Records is Key to Success

Ron Lykins, Inc. CPAs has a successful track record of appealing IRS audit decisions and the key to success is the accuracy of the client's records coupled with our knowledge and expertise of dealing with the IRS. Three years ago, a client was audited and the IRS maintained the client owed over $20,000 of taxes and over $3,000 in penalties. Because the client maintained good records, Ron Lykins, Inc. was able to appeal the decision and the case was settled this year for less than $750.

Erroneous IRS Notice

Our client had received an IRS notice to pay an additional $278 for an error on his 2009 federal tax return. Fortunately, the client did not pay the notice, and sent it to our office to review.
Our staff made several calls to the IRS and the IRS finally agreed that the notice was in error and the 2009 federal tax return was correct as originally filed. Our client did not owe the additional tax.

An Honest Mistake

Everyone makes mistakes. A client received an IRS notice for inadvertently omitting a retirement income-withdraw on his 2008 tax return. We corrected the error and the client paid the additional tax plus interest. However, we advised the client to NOT pay the IRS penalty of $817, which was assessed for under payment and late filing tax penalties.

We drafted a letter to the IRS explaining that this was an honest mistake and not an intentional effort to avoid tax. After several months, the IRS sent a letter that it agreed and forgave the $817 penalty.

Become a Success Story! Call Ron Lykins, Inc. CPAs today.

614-891-1041