Tax Relief Comes in Form of Amended Federal Income Tax Returns for Some New England Businesses

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FOR IMMEDIATE RELEASE

Tax Relief Comes in Form of Amended Federal Income Tax Returns

for Some New England Businesses

June 4, 2003 (PRWEB) Londonderry, NH – With all the buzz about tax relief many New England businesses are finding a new form of federal tax relief through a local company. Although April 15th has passed, some New England companies are filing amended returns from previous years to recover federal income tax overpayments because a free second opinion from The Terracewood Group helped them see the light.

In 2002, approximately 3.3 million individual and business taxpayers filed an amended income tax return. Through the Terracewood Group’s analysis many New England businesses are finding they have unknowingly overpaid because their CPA or tax preparer miscalculated, a tax law changed, they failed to claim an exemption or even an IRS representative gave them incorrect information.

“It is a little-known fact that by law the IRS is required to review, for up to three years, returns and records to find errors but, are not required to notify the taxpayer of any refund or error in their favor. What we provide is a free second opinion so if no overpayment is found we do not get paid. If your doctor told you, you had a brain tumor and needed an operation right away; most would get a second opinion. This is no different except whatever the outcome he would charge for the office visit, we do not,” said Tom James, President, Terracewood Group.

The Terracewood Group was formed to assist New England businesses in recovering their overpaid corporate federal income taxes. Their large staff of highly trained and qualified accountants, some of whom are enrolled agents and former IRS auditors, are skilled in finding missed or unused deductions and has recovered an average of $9,000 for businesses throughout New England.

About

The Terracewood Group, headquartered in Londonderry, NH and a division of the Tax Recovery Group who has been recovering overpaid taxes for over eight years, was formed to assist small to medium sized businesses in New England in a variety of industries in recovering their overpaid taxes. Their large staff of highly trained and qualified accountants, enrolled agents and former IRS auditors combined with their strong commitment to privacy, service and support is helping businesses all over New England to recover overpayments.

For further information about The Terracewood Group contact Carol Arnold at 877.718.4604 or at carol@arnoldcomm.com.

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Carol Arnold
Arnold Communications
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