Why is T R E ax

Why is Tax Return Evaluation Required?
Season’s Greetings from Advantage One Tax Consulting
Consulting!
AO Tax has come up with the concept of FREE Tax Return Evaluation Services © for its
beloved clients so that they can get their Last THREE Years Tax Returns (2010, 2011 &
2012) evaluated by AO Tax for FREE.
Our FREE Tax Return Evaluation Services provides the following value addition and helps
in:
Filing Right Tax Return
Claiming additional dependents
Removing dependents erroneously claimed
Reporting your correct filing status & additional income
Making changes in your Above
Above-the-Line
Line Deductions, Standard/Itemized Deductions, etc.
Changing your personal exemptions for correctness
Incorporating Tax Treaty Benefits that you missed
Recalculating various tax credits - Child Tax Credit, Education Credits, Foreign Tax
Credits, First Time Home Buyer Credit, & Dependent Expenses Credit, etc.
Analyzing the return for accuracy and correctness.
“Building Relationships NOT Clients!”
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Since we were engaged with other Corporate Clients as well, as a result of our Free Tax Return
Evaluation Services offered to their employees, we were shocked to learn that majority of
taxpayers claimed certain unallowable living expenses such as conveyance, meals, rent, even
laundry as part of Itemized Deduc
Deductions while they were working at the Employer Location or
claimed for more than 12 months while working at the same Client Location.
Location
Not only that we also noticed that some taxpayers:
Did not fill in their Form W4 properly and ended up paying heavy taxes at the end of the
tax year with underpayment penalty.
penalty
Filed Resident Individual Tax Returns (1040/1040A/1040EZ) electronically through online
portals ignorant of the fact that they were
were Nonresident Aliens who have to file Form
1040NR/NR-EZ
EZ manually.
manually
Missed claiming Home Mortgage Interest on their Second Home in Foreign Country (e.g.
India).
Missed claiming benefits of US
US-India Tax Treaty for
Nonresident Aliens on F/M/J Visa. Some
erroneously applied this clause while they were on
H1/L1 Visa.
Missed claiming their Spouse/Kids in India though
they qualified as US Resident Aliens per IRS
Publication 519.
Missed reporting their Foreign Income like Foreign
Salary, Interest, Dividends,
Dividends etc. on their US Tax
Returns and ignored filing FBAR
FBAR. This resulted in
payment of huge penalties and fines to IRS.
Erroneously claimed the Foreign Income Exclusion
on Form 2555 instead of Foreign Tax Credit on
Form 1116 to avoid double taxation
taxation.
Missed claiming Erroneous Withdrawal of Social
Security & Medicare Taxes while they were on
F/M/J/Q Visa.
Missed filing the State Income Tax Return for the state they lived in just because the
Employer issued W2 from the state he/she worked.
Missed filing City/County Income Tax Returns in which they resided/worked.
Important: The Average Refund on an Amended Tax Return has been more than $2,000!!!
IRS Links on Amended Tax Returns (Form 1040X):
•
•
http://www.irs.gov/taxtopics/tc308.html
http://www.irs.gov/faqs/content/0,,id=199820,00.html
“Building Relationships NOT Clients!”
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We introduced the concept of FREE Tax Return Evaluation Services with the intention that
we can reach out to people who have already filed their returns to revisit the tax returns to
ensure accuracies and file revised tax returns, if necessary.
•
This does not necessarily mean that their tax filing through online/other service providers
is incomplete or incorrect, but doing so would help them avoid any tax compliance issues &
audit risks with their tax returns in the near future, especially the time when they are
trying to have their permanent place of abode in US.
•
This
is FREE Evaluation will make sure that there are no extra-ordinary
extra ordinary items in their tax
returns or huge refunds.
•
Though there may be very few who will go back to IRS admit that they filed an incorrect tax
return, we at AO Tax want to make clear that we educate
educate the client on the tax deductions
one is eligible for so that they can correct it in due time.
•
This is in view of the fact that it is the taxpayer who is fully responsible to IRS/State for
the information provided in his tax returns though the returns might have been prepared or
filed with professional help of a tax preparer or any other online tax service provider.
We request you to please recognize the merit of the above FREE service offer and avail it for
your own wellbeing.. Our team is excitedly waiting to serve you and we promise our high
knowledge practicing merit always.
Please write to [email protected] or call us at 703-584-5533
5533 Ext 201-205
201
if you
wish to avail these services. We would be very obliged if you can share this with your
friends/colleagues as well.
Thanks for your continued patronage and business support.
Best Regards,
AO Tax - Planning Team
Advantage One Tax Consulting, Inc. [AO Tax]
Phone: 703-584-4624/5533
4624/5533 Ext: 201-205|
201
Fax: 703-991-0587
Email: [email protected] |Web: http://www.aotax.com/
Add us to your G talk to get all latest tax updates: [email protected]
“Building Relationships NOT Clients!”
Page 3
Few of Our Client Testimonials
Add us to your Linked In: http://www.linkedin.com/in/nandakumarkv
“Nanda is a great person to work. On my interactions with Nanda, I have found him to be highly
responsive to customer queries. I filed my returns at the US through A.O Tax and it was Nanda's
efficient communication which made me understand the seamless process
process to file the returns and
instilled faith in me towards A.O Tax. I am happy that I chose A.O Tax for my US tax returns
and would recommend it to everyone. Special thanks to Nanda for helping me out there.” July
20, 2011
Top qualities: Expert, On Time, H
High Integrity
1st Vivek Panda
hired Nanda Kumar as a Tax Consulting in 2011
“It's been a pleasure working with Nanda. His service levels have been great and he's handled the
tax filing very well. I am glad that I recommended A.O. Tax to my colleagues. I've only heard
positive reviews on their service. They'v
They'vee been extremely prompt in responding and
knowledgeable as well.
Here's wishing Nanda and the firm all the very best. Look forward to availing their services
again.” April 17, 2011
Top qualities: Great Results, Personable, Expert
1st Vinay Chandra
hired Nanda Kumar as a Financial Advisor in 2011
“Nandakumar did my taxes this year and I must say - I am extremely satisfied by the
professional and meticulous approach Nanda had while handling my taxes. He gives individual
attention to all his customers! He is always ready to answer/clarify any query related to m
my file.
He not only helped me with my taxes for the current year, but also was happy to go through and
help me with my previous years returns.
All in all I am a very satisfied customer and will recommend him for doing my taxes as well as
for my family and friends/colleagues. Thanks Nanda for all your advice and assistance.
Regards,
Poulomi” April 8, 2011
Top qualities: Great Results, Expert, High Integrity
1st Poulomi Chaudhuri
hired Nanda Kumar as a Accountant in 2011
“Building Relationships NOT Clients!”
Page 4
“I had excellent experience working with Nanda Kumar for filing tax returns. At ever
every step of
the process, I always recieved exceptional service and prompt responses. After some time, you
tend to inherently develop trust in their professional advice. I would highly recommend Nanda
and AOTax to anyone looking for a genuine tax consultant. Wish you all the very best Nanda !!”
April 3, 2011
Top qualities: Personable, Good Value, On Time
1st Aswin Kumar, PMP, CGEIT, ITIL V3 Expert
hired Nanda Kumar as a Accountant in 2011
“Had a great experience with AO Tax in filing my tax returns this year. Made my life much
easier and thought of options I wouldn't
wou
have on my own. Thank you.” March 24, 2011
Top qualities: Great Results, Expert, Good Value
1st Manoj Narayanan
hired Nanda Kumar as a Financial Advisor in 2011
“I highly recommend Mr.Nanda Kumar. He helped in filing my 2009 US taxes. He is a thorough
professional and always goes that extra mile to
help
p his clients. I am impressed with his vast knowledge, punctuality and friendly demeanour.
I also took his advice pertaining to my 401K with my former employer and he patiently
explained every minute detail to me and guided me in taking the best option.
Beyond a shadow of doubt, he is the best tax consultant I have ever come across and would not
hesitate even one bit to work with him for my future tax and accounting needs. Way to go
Nanda!” August 26, 2010
Top qualities: Great Results, Personable, Expert
Exper
1st Sreekanth Devarakonda
hired Nanda Kumar as a Accountant in 2010
“Nanda's expertise and knowledge of USA and Indian Tax law assisted me in answering tricky
tax questions and being able to better understand the tax implications of various financial
transactions internationally.” May 27, 2010
1st Ariadne Horstman, Financial Planner, InvestmentYogi
was with another company when working with Nanda Kumar at Advantage One Tax Consulting,
Inc.
“Building Relationships NOT Clients!”
Page 5
“As part of brief interaction, have noticed a very high professionalism on Nanda's part. He is
very prompt and has managed to keep his word as part of process. Will be glad to work with him
in future as well.” March 15, 2010
1st Sayantan Tarafdar, Consultant, Pre-Sales
Pre Sales and Solutions, Tata Consultancy Services
was with another company when working with Nanda Kumar at Advantage One Tax Consulting,
Inc.
“Nanda Kumar is an very knowledgeable tax accountant.The service that
that he offered me for this
year's tax filing has been exemplary and of the highest class.I would go to him every year for my
tax filing and would recommend him for doing your taxes as well.The service that he rendered
was very timely and the fees for the service
se
was reasonable.” March 8, 2010
Top qualities: Expert, Good Value, On Time
1st Chandresh Natarajan, MBA,PMP
hired Nanda Kumar as a Accountant in 2010
“Nanda and his team helped me to file my 2009 US taxes. With no doubt, Nanda is an expert in
this area and understands his clients very well. He walked
walked through all of my potential
components for tax returns and meticulously helped the tax returns with ease. Tax pricing
structure is so attractive and after going through several companies in my previous years returns,
Advantage One Tax Consulting is very reasonable with highest customer satisfaction. I really
liked paying through PayPal. They delivered me more than my expectations and definitely will
go with them for future needs.
Highly recommend them with any Tax needs.” July 20, 2010
Top qualities: Great
eat Results, Personable, High Integrity
1st Shyam Kannam
hired Nanda Kumar as a Accountant in 2010
“Nanda filed my tax returns for the year 2009. My tax returns was very complicated last year as
compared to any other due to a host of reasons. Nanda handled my tax returns very
professionally and accurately. I am pleased to recommend Nanda, as he is very professional,
thorough, knowledgable and friendly to work with.” June 9, 2010
Top qualities: Expert, Good Value, On Time
1st Sanjay Srikantaiah
hired Nanda Kumar as a Financial Advisor in 2010
“Building Relationships NOT Clients!”
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