Estimates: We have noticed that the large majority of notices and correspondence from the IRS and other taxing authorities is due to misreported tax payments. Therefore, going forward our new office policy will require proof of all payments paid including dates and amounts to avoid inaccurate reporting.
Why you should choose “Portal Only”: Instead of receiving a paper copy of your return (which once reviewed should be securely locked up in a safe or
deposit box) you will only receive a copy of your return in our secure online portal. Once your return is prepared and ready for your review you will be
notified by e-mail with instructions to set up your personal login. You can review the return and then download and sign any action items necessary to file your return. For the next three years you will then have the ability to download and print the return whenever you may require it (for FAFSA or loan applications, for example With access to your portal set up you will also be able to SECURELY upload your tax related documents for our team (this is FAR more secure than e-mail!), as well as any other personal information you would like to keep safe (passports, wills, insurance policies, etc By selecting Portal only this year you will also avoid a $35 handling fee. Should you have any questions or concerns please e-mail us (reception@alfanocpa.com) or call the office 203-698-7700.
What is the Audit Correspondence Plan? As federal and state budget deficits balloon out of control, the IRS and other taxing authorities are working harder to chase every tax dollar. Your odds of getting audited or receiving other unwelcome correspondence is climbing every year. We handle many of these notices and have found that the IRS computers are often inaccurate. However, the IRS assumes their conclusions are correct unless you prove otherwise. Responding to simple written notices can be expensive and time-consuming, and responding to an actual audit can mean real financial disruption. Here at Alfano & Company we’ve created our Audit Correspondence Plan to help shield you from those unexpected costs. For an additional fee of 20% of your regular tax return preparation fee (minimum of $200) we handle all written correspondence related to notices received from federal or state axing authorities related to this year’s tax return. Please note that this is an annual service and covers only your 2020 Federal and State tax returns. Should you need further representation, in person or over the phone, you will incur additional fees from our office.