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Chronicles of Tax Advisors

Outstanding Client Service Across Companies

Posted by Todd Ancona Posted on Nov 30 2015

Here is a case in which we employed the help of our sister company Wealth Advisors LLC. We prepared a client’s return which included a taxable retirement distribution of $65,000. The client emphatically refused to believe all of that distribution was taxable. They explained that after the distribution had been made, they returned it back to the retirement plan. The client had no documentation showing the return of the funds. We made several attempts to reach the distributing retirement plan but to no avail.

Then, together with Wealth Advisors LLC, we were able to confirm with the retirement plan that $60,000 of the funds had in fact been returned to the plan. Thus, we reported that portion as a rollover with no taxable effects. In addition, we requested additional documentation from the servicing retirement plan in order to verify any later potential requests by the IRS. The collective efforts of Wealth Advisors and Tax Advisors to serve our clients above and beyond saved this client almost $15,000 in taxes.


Todd Ancona, EA

Licensed to practice before the Internal Revenue Service

An Enrolled Agent (EA) is a federal authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audit, collections and appeals.



Disclaimer: The information in this blog is for general informational and educational purposes only, including any comments provided by blog visitors. All stories described are accounts of actual experience with actual clients of Tax Advisors. Postings are not solicitations or legal advice. This information is not intended to create and receipt of it does not constitute an agent-client relationship. The reader should not rely or act upon any information in this site without seeking professional legal counsel or advice from his or her tax professional.