Did you overpay the IRS in 2017 and 2018? Inaccurate guidelines for the 2017 transition tax may be to blame.
ABGi-USA offers a solution to this over-payment problem by filing an amendment for the 2017 and 2018 Repatriation Tax.
On November 12, 2019, the IRS announced that the Large Business and International (LB&I) Division has made the 2017 and 2018 §965 a Tier 1 priority audit issue.
Click below for further information on this announcement:
This afternoon we learned that LB&I recovered $3.6M on an $18M tax liability from a high tech company in California where the calculations and audit were defended by the Big 4. This LB&I §965 priority audit campaign is REAL.
Call ABGi USA - The §965 experts to properly calculate and defend your claims.
The problem with §965 was that inaccurate guidelines from the Big 4 were given to the public on how to calculate their §965 2017 and 2018 payment.
Most companies used these guidelines and rushed in order to determine their liability and meet the deadline & many if not all companies severely overpaid their first §965 payment in April 2018 due to the inaccurate guidance that was published.
After the first §965 payments were collected, the IRS released specific guidelines for 2019 that directly contradicted the published guidance provided by the Big 4.
Get a Refund!
ABGi-USA offers a solution to this over-payment by filing an amendment for the 2017 and 2018 Repatriation Tax. With our help out clients are seeing enormous refunds for the misguided payments of 2017 and 2018.
Have a question? We’re happy to help!