New Page 3

Find out if you overpaid your taxes.

Why Taxback should be your first choice for a second opinion.

Taxback provides U.S. taxpayers, nationwide, a truly invaluable service: A FREE second opinion on both personal and business income tax returns. Taxback’s service offers a risk-free way to ensure income taxes were properly prepared, not overpaid, during the previous three tax years. Plus, the service offers a hassle-free way to recover overpaid taxes. Insights gained from Taxback’s second opinion can also potentially reduce future personal and business tax liabilities. Headquartered in Gilbert, AZ (Phoenix Metro Area), Taxback has become the country’s "second opinion specialists" by contracting with some of the nation's leading independent tax review specialists.

Taxback Maintains The Highest Standards

Taxback utilizes only licensed, independent tax professionals who have on average 20+ years of experience. They are selected based on their experience and ability to identify errors and missed deductions that can cause taxes to be overpaid.

The 2 BIGGEST REASONS why the tax professionals we use are infinitely more qualified than the average tax preparer are:

•  

Thorough Knowledge of the Laws: There are ever–changing laws that can potentially affect the amount of taxes you end up paying. Even a small change can affect your taxes tremendously. Unfortunately, very few tax preparers actually take the time to learn the hundreds of new tax laws and changes released every year.

Our tax professionals stay current on all new updated tax laws and changes and apply this knowledge when performing clients’ reviews.

 
•   Attention to Details: The average tax preparer completes hundreds of tax returns during tax season. With this overwhelming workload, it’s nearly impossible for them to be thorough and to identify every possible deduction that could help reduce a client’s tax liability.

The tax Professionals we utilize will stand behind their work and defend it with the IRS or any State Department of Revenue.

 

In May 2002, The Wall Street Journal stated that, "Tax experts say many Americans are routinely failing to take deductions they're entitled to, thus overpaying their taxes by billions of dollars collectively."

More than half of all taxpayers pay someone to prepare their taxes, and most believe they benefit by doing so. But according to a new report released on April 1, 2003, by the General Accounting Office (GAO), the investigative arm of Congress, millions in fact "are poorly served".
 

 
 
"I think most of us figure we’ll get the best possible financial outcome by having professionals do our taxes. It’s counterintuitive that professionals could actually make you worse off."
 Chuck Grassley, Senate Finance Committee Chairman (April 1, 2003)

Although 77% of taxpayers feel confident that their preparers are doing a good job, this perception is not an accurate indicator of the quality of service that the preparers are actually providing. According to the GAO, taxpayers may not understand the tax laws well enough to be able to identify the errors made by paid preparers.
  
"My partner and I were in
complete shock to say the
least when we found out from
one of your Account Executives
that our Chiropractic firm was
getting back over $27,000 just
for the last 3 years! The scary
thing is how many tens of
thousands possibly hundreds
of thousands of dollars have
we lost over the last 20 years?
…It’s truly a one of a kind
service and it couldn’t be better
timing with the economy like
it is. Thank you so very much."

Dr. Tom
Regal Chiropractic, Ltd
 
  This fact is clearly evidenced by Money Magazine’s "tax test" which revealed a 300% discrepancy in what tax preparers stated was due. According to Money Magazine's tax test results, most tax preparers don’t know all the rules, and as such, you might actually end up paying more." (Money, March 1998)

 

"Blind Faith" is costing taxpayers
.... thousands of dollars in overpaid taxes.

It's very difficult to know, based on past performance or a personal relationship, whether your tax preparer has done the best possible job for you. This is especially true if the preparer is a trusted professional who's been "doing our taxes for years." For this reason, many taxpayers simply proceed with "blind faith" when having their taxes prepared.

Unfortunately, some professionals are unaware that they are missing issues that could reduce or eliminate a tax liability. And unless the errors your tax preparer makes are blatant enough to cause you to raise an eyebrow—or bring the IRS knocking at your door—there are typically no obvious reasons for you to question the accuracy of your tax returns. Which is why, for most taxpayers, getting a second opinion on their tax returns has never even been a consideration.

Studies, such as the following, reveal significant, potential benefits awaiting average taxpayers who get a second opinion.
 

 

How Taxback review specialists find ways to reduce
........your tax liability that other tax preparers often miss.

1. Greater Attention To Each Return:

Between February 1st and April 15th, the average tax preparer completes about 480 returns. With such an overwhelming workload, it's nearly impossible for a preparer to find the time to thoroughly evaluate your specific tax situation and apply all the latest tax laws and guidelines to reduce your liability.

Unlike most tax preparer, the independent tax review specialists that Taxback utilizes review taxes year round. They know the problems that commonly cause taxes to be overpaid and the areas where many other tax preparers fall short. They can also afford to take the time to closely scrutinize your returns, compare them with new and updated tax laws, aggressively look for legitimate deductions that were either missed or not previously applied, and often further reduce your tax liability.

2. A More Thorough Understanding Of Current Tax Laws:

In the tax preparation field, it's what you don't know that costs you. There are literally dozens of volumes of laws that can potentially affect the amount of taxes you pay—and those laws change constantly. What most taxpayers don't appreciate is that even one oversight or missed deduction can make a significant difference. Unfortunately, very few tax preparers actually take the time to learn the hundreds of new tax laws legislated every year. The sad result is: Too many preparers are unable to identify recent tax issue, tax laws, and legitimate deductions. And too many taxpayers are overpaying their taxes.

One of the most important keys to Taxback’s success for its clients is that we utilize only independent tax professionals who specialize in reviewing taxes and comparing them with updated tax laws and changes. These tax professional pride themselves on maintaining an in-depth knowledge of all new tax laws and guidelines, as well as the latest industry developments and business requirements that could affect both your personal tax returns and those of your company.