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Did you know that the federal government itself estimates that over 2.2 million Americans pay more than they need to in taxes each year? This has led to over 4.8 BILLION dollars in unclaimed revenue! It is estimated that the average tax preparer produces 480 tax returns between February 1st and April 15th each and every year. This firestorm of activity forces the average tax preparer to turn in what is an equivalent to a rough draft to the IRS. Investors Business Daily reported in its Friday, May 11, 2001 issue that you have three years to file. They stated that some worry that an amended return will trigger an IRS audit. The IRS itself says this isn't so. The IRS has three years to review your records as many times as needed to find errors, but by law they are not required to make you aware of any refund or error in your favor. That is your obligation. You have the same three years to get second opinions that may result in finding errors in your favor and a refund for you. Read more: www.sjmandassociates.com
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