Hidden IRS refund opportunities for clients.
The Internal Revenue Service frequently makes errors when it comes to calculating underpayment interest, refund interest, and penalties. As a result, many taxpayers are unknowingly walking away from overpayments that are rightfully owed to them. Regardless of the type of client, business or individual, ensuring that every penny is accounted for is a best practice.
IRS interest recovery is a highly focused service offered by BDO. Our team includes former IRS and other professionals who are exceptionally knowledgeable about IRS policies, procedures, and processes. We analyze all IRS account transactions, determine and document inaccuracies, and are able to identify monies owed to clients by the Treasury: overpaid deficiency interest, underpaid statutory interest on refunds, and penalties that may have been incorrectly assessed or subject to abatement.