Hey,
Its my sincere ADVISE to all tax filers NOT to think of filing through IBSN, If you still, please read below
You need to know one thing. Even IBSN say they represent FREE 3yrs filing errors, at the end IRS looks for you not IBSN.
You are responsible for what ever they filed.
I was filing through IBSN from 2007, last year I got IRS query to submit all the expenses for tax period 2008 -2010.
Then I looked back on tax papers, found with friends and other CPAs, that IBSN cooked up lot of expenses(house rent $12k, food exp $5K, travel $6k like that) to show max returns and to collect more tax filing fee from me.
Basic thing is they did NOT put previous year filing fee $200 in the current year filing, any CPA can easily find that is missing.
I talked to IBSN, they said, IRS asked you to respond, so send what ever they asked you. If IRS don't accept expense proofs pay interests and penalties, this is what I got from IBSN.
No CPA ready to take such cases (approached 3 CPAs) may be to keep their reputation at IRS.
My friend helped me to get a CPA, he calculated amount I owe to IRS would be $14, 000(14K) including interests and penalties.
I was scared and had sleepless nights.
This CPA negotiated with IRS, it came down to 8K, I paid to IRS and State(extra $1500). It took 4 months. (Yes it takes)
I contacted IBSN by phone and email(
[email protected],
[email protected]) to get back wrong filing penalties (IBSN said they will pay penalties if case of wrong filing), they don't respond even.
Don't think you won't be the IRS victim, IRS may come back to you in 7yrs. By that time Interest (25%) and penalties ... you can't think how much you need to pay back.
Why am I writing all this..
stay way from IBSN so you will be happy and your family will be happy.
Still I am getting letters from IRS and state that signature missing on 1040X, recalculated interest $$..
ah..
Sad
One Victim
