The 2015 tax season is over! Star Money is closing, but only for a short vacation (until April 19th.) We will reopen next Monday April 20th but at reduced hours because there is not as much business as during the tax season. We will be open Mondays through Fridays from 9am-5pm, but no longer any nights or weekends because there just isn’t the business to support it.
Our annual cycle is: We are open six days a week from January through April 15th, then at reduced hours the rest of April and through the end of May. After Memorial Day weekend, we close for the summer. During April and May we take care of anyone who took an extension for this year’s taxes, we do amended tax returns for people whose taxes were done wrong in prior years, and we do work for people who have problems over multiple years, such as not having filed for a long time or owing for multiple years. We only do this sort of work after April 15th because we are too busy during the tax season.
If you have a tax problem during the summer, you can call and leave a message and someone will check the messages from time to time and get back to you. Dr. O’Connor will be traveling but will stop back in the office from time to time.
Star Money will reopen in September, and we will be here for everyone who took extensions through October 15th. We then will be closed for a short time after October 15th until about Halloween, when Dr. O’Connor teaches his annual course in “HOW TO PAY NO TAXES” from about Halloween until just before Christmas (8 weeks at one night per week). We then close for the Christmas holidays and open for the new tax season in early January.
A lot of people are fearful of the IRS and terrified of the word “AUDIT”. All an audit is, is an examination of part of your tax return. It can be through the mail or in person. When you tell us some information, like how many miles you drove or how much you gave to charity, we take your word for it and put it on your tax return. But we tell you then that you should have receipts or some kind of proof and you should hang on to it for 3 years. This is because the IRS can choose anyone at random and say they want to see the proof for up to 3 years. If you are ever chosen for an audit, we will help you prepare for it. It may mean simply photocopying documents and mailing them in with notes.
Recently, we found out that a couple of our clients got a letter from IRS saying they were chosen for an audit. Instead of calling us for help with preparing for it, they either did nothing or assumed it meant we had done their tax returns wrong, and as a result the IRS disallowed their deductions and told them they owe additional taxes. Then these people go around, telling others they owed money because we did their taxes wrong! The IRS chooses people randomly to audit, it can happen to anybody. It’s not because we did something wrong, and it doesn’t mean they are going to change your tax return and make you owe more taxes; it means you have to respond and show them the documents that prove your deductions. You will only owe more taxes if you ignore the audit letter or don’t show them any proof of anything.
When you pay us to do your taxes, we stand by our work, so helping you to prepare for an audit is already included in what you pay us. If you get an audit letter call us immediately and we will help you to get through it.
If you would like to see what other people have said about our services, or you would like to leave an endorsement, click here.