Client: IRS Tax Filer Challenge: A recently divorced woman filed her own tax return with the IRS and received a refund. Unbeknownst to the woman, her now ex-husband filed his return as “married, filing jointly,” which taxes income at much more...
Read more
Client: Manufacturing industry client Challenge: A long-time client was expecting a $1 million IRS refund, but the refund was never received. Unfortunately, the client was a victim of fraud, which impacted their ability to recover their refund...
Read more
Client: Technology industry client Challenge: A prospect in the technology sector was expecting a significant gain in a buy/sell transaction. Knowing our expertise in tax reporting for buy/sell transactions, the prospect’s banker suggested they...
Read more
Client: Multiple clients in the retail and apparel industries Challenge: Hundreds of companies applied for loans through the SBA Paycheck Protection Program (PPP) with the expectation that they would be forgiven. Yet many businesses that received...
Read more
Client: Retail client Challenge: Our client underwent a restructuring in order to bring in an investor, but they later discovered the due diligence was inadequate and the restructuring was done incorrectly. This complex problem turned into a...
Read more
Client: Owners of a chain of car wash stations Challenge: The IRS selected the client’s car wash locations to perform an audit and search for unrecorded income. The audit extended to two years of the client’s personal tax returns and those of his...
Read more
Client: Aviation Logistics Company Challenge: The company was being audited by IRS but had lost most documentation in a tsunami. Based in Japan, the company had a severely limited ability to communicate regularly with individuals in the U.S., due...
Read more
Client: Real estate brokers Challenge: A married couple’s real estate brokerage firm was selected by the IRS for a reasonable compensation employment tax audit. The IRS was investigating the years before the couple hired a new CPA, who brought...
Read more
Client: Wine producer and distributor Challenge: The client previously worked with a large accounting firm that failed to provide ongoing, strategic financial planning, resulting in the company paying unnecessary taxes. Strategy: Fineman West’s...
Read more
Client: A company looking to automate its production plant. Challenge: Our client wanted to buy a building to expand their operations, but their financial statements didn’t demonstrate to the banks that they should qualify for a substantial loan...
Read more
Challenge: Factoring agreements help improve the cash flow of companies that have slow-paying invoices. Typically, a factoring agency will temporarily finance receivables or “purchase” certain business assets for a fee, which provides the company...
Read more
Client: Home furnishings company Challenge: The new company was growing more quickly than their cash flow allowed, so they were interested in obtaining additional bank loans and/or lines of credit to facilitate their growth. Strategy: Fineman...
Read more