Quad Cities, IA, April 24, 2008 --(PR.com
)-- A recent study revealed that Americans are paying too much tax, and few ever realize just how much money they have overpaid. This issue affects millions of taxpayers every year, and without proper help, they may never be able to recover the money owed to them from the Internal Revenue Service.
Financial Recovery Associates, LLC a company recently profiled in Forbes Magazine, has reclaimed billions of dollars in overpaid taxes for their clients. As the Wall Street Journal recently pointed out, millions of Americans are failing to take the proper deductions on their tax returns, resulting in massive profits for the IRS, while taxpayers suffer.
Johnathan Ahlf, one of Financial Recovery Associates' independent sales associates, recently hit the mark of more than $2.5 million in recovered funds. He has been personally responsible for assisting taxpayers in learning which deductions they could have taken and then assisting them in reclaiming their lost funds.
Just one of Ahlf’s clients was able to reclaim more than $58,000. "My expenses were high, but I assumed they were accurate, and couldn't be helped. After the Consultant came, I agreed, since it was free, that I had nothing to lose. They came back and reduced and refunded my Cell phone by over $4,700, my business phone by $7,300, my insurance by $19,600, my sales tax on utilities by $1,400 and my credit card processing expense by $8,100.
“My total refund with the taxes refund also was over $58,000 and my business expenses were also lowered by 27%. My increased profits allowed all franchises of ACE True Value to get the same review and business analysis. We thank you. We put in a new parking lot with the extra money,” says Thomas Howard.
Ahlf is working to turn this curve around. He pointed out that this service is retroactive, meaning that a taxpayer can reclaim lost funds as far back as three years.
About Financial Recovery Associates, LLC – Financial Recovery Associates work with individuals and business owners to assist them in determining which deductions they should have taken on their tax returns and how to get these funds back. To date, they have assisted consumers in reclaiming billions of dollars in overpaid taxes.