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Testimonials
“We received a letter from the IRS stating we owed $155,529 from 2021. We nearly had a heart attack reading this letter, we had no idea why the IRS thought we owed so much from nearly three years ago. We filed our taxes and paid what we owed… or at least what we thought we owed. We had a friend who we confided in, and he recommended we call Greenlight Tax Group. Thank goodness we did, we were immediately calmed down, told us not to worry and promised they would figure out the problem and work on a solution. Within two weeks we heard back and they told us the IRS received three 1099s from the same vendor for us. Each subsequent 1099 was an amended 1099 and was intended to replace the previous 1099. Instead, the IRS added all three together inflating our income by over 200%! Greenlight Tax Group explained the situation to the IRS and then the IRS extended our deadline to provide the proper documentation. Next, Greenlight called the vendor to get them involved. Greenlight then reviewed our 2021 tax return, amended it with the correct information and sent it to the IRS along with a full explanation and proper documentation. Now instead of owing over $155,000 we only owe $4,400! We highly recommend Greenlight Tax Group; they were so easy to work with, they communicated throughout the process, and it was an incredible relief!”
“I’m a small business owner, a one-man operation. I was building my business wearing multiple hats. I was making good money, but really had no idea exactly how much I was making. I didn’t have an accounting system; I didn’t have an accountant and I was going 500 miles an hour. The IRS sent me a letter telling me I owed over $2 million in taxes from multiple years. They were threatening to take away my passport and put a lien on all my bank accounts. I hired Greenlight Tax Group in 2022 to help me; I had not filed taxes since 2013. They started with my accounting, gathering all my bank and credit card statements from 2013 through 2021. They went through every transaction line by line to create financials. They also set-up an accounting system starting in 2022, so I could get on track and stay on track moving forward. Their mission was to get all my financials in order so they could prepare and file a tax return for each year. The IRS received multiple 1099s from all my vendors, so they knew how much revenue I generated. But because I did not file a return for those years, they assessed my tax liability on the total income reported from each 1099. This was a massive issue for me because I also had a tremendous amount of expenses. Greenlight took the time necessary to do my accounting and create financials, they spoke directly to the IRS agent assigned to my case and kept her informed every step of the way. This was a huge undertaking; the entire project took over a year. But taking the time to do the accounting and file the returns properly rather than trying to negotiate a lower payment with the IRS saved me millions.”
Business Owners
“I’m a seasoned realtor, but for years I was receiving a 1099 and reporting my income and expenses on a Schedule C on my 1040. I heard Demrie speak at a Lunch and Learn at my broker’s office and I was blown away. I had no idea that there was another way to organize my business to save taxes. In 2022 we owed over $75,000 in taxes! In 2023 we paid a little over $20,000 in taxes, over $55,000 less than we paid the previous year. My income didn’t change, they just created different paths for my income to flow. The first step was creating my LLC with a S-Corp election. This allowed me to put myself on salary, eliminate self-employment taxes and utilize other tax reduction strategies available to S-Corporations. They are the real deal; we highly recommend Greenlight Tax Group for tax planning and accounting!”
Tax Reduction Strategies
“As an independent adjuster, I travel all over the East coast for CAT claims. I drive a lot and incur significant expenses when travelling, often away from home for months at a time. Before meeting Greenlight Tax Group at NACA in 2023, I was getting paid as a 1099 contractor and trying to keep up with receipts and personal bank statements so I could accurately account for all my expenses. I always felt like I was leaving money on the table. They recommended that I set up a LLC with a S-Corp election. I had no idea how this would change my financial picture! They also did an analysis to determine if actual expenses or per diem would generate the most tax savings for me. After hiring them, their team handled everything. They created my LLC with the S-Corp election, set up my QuickBooks, managed my accounting and guided me on additional tax saving strategies I could implement. They saved me so much money, additionally guiding me on how I could start my own retirement plan inside my company. I went from paying over $60,000 in taxes while struggling to save money for retirement to paying less than $10,000 with nearly $75,000 in my solo 401k.”
Insurance Adjuster
*These are true and real testimonials. Names and personal details have been omitted for privacy.
❝In America there are two tax systems: one for the informed and one for the uninformed. Both are legal.❞
- Judge Learned Hand
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2024 © Greenlight Tax Group LLC, All rights reserved.
2024 © Greenlight Tax Group LLC, All rights reserved.
