If you have not taken the proper deductions in past years, we can amend your prior year returns for the past three years and request an additional refund. The open years until April 15th of 2024 are 2022, 2021 and 2020.  After April 15th of 2024, 2020 will close and no further refunds can be requested!

Download the Amended Return Organizer

Pilot-Tax will not charge you a fee unless amending the return will benefit you substantially. If you are able to receive an additional refund from the IRS, fees will apply.

For us to Amend a prior year return we need the following:

• Copy of your original return filed
• Original W-2 – If you do not have a copy, give us a call!
• Last pay check stub of the year we are amending
• Copy of all 12 months of Flight Schedules for per diem deduction
• Completed Amended Return Organizer

Don’t leave $ with the IRS

Call us today or download the Amended Return Organizer!

C Corporation, S Corporation, Partnership or Trust Returns—we are the professionals to assist you at every level!

Our staff of CPA’s and Enrolled Agents will assist you in the preparation of your S-Corp, Partnership or Trust returns. If you have incorporated during the year, the IRS requires that you file either a 1120, 1120S or 1065 return. (Exception – single shareholder LLC – this will be on your personal return as a Schedule C)

The deadline for C & S Corp returns is March 15th with extension deadline to September 16th.  If you are filing a Partnership return, this filing date and extension date is the same as individual – April 15 and October 15.

If you are just starting your business, call us for help in determining which business entity is best for you!

We recommend that you always electronically file your Federal and State income tax returns!

When you file a paper return, either Federal or State, this return is hand entered into the government’s computer allowing for data entry errors by human hands on your tax return.

When a return is electronically filed, it goes directly to the IRS or State as we prepared the return. We receive a confirmation from the government that your return was received and accepted.  This acceptance usually comes back to us within 24-48 hours.

If there is a problem with the return such as a claimed dependent or incorrect SS#, the IRS will reject the return and inform us of the error, we can then contact you and correct the situation in a matter of hours vs. days with a paper return.

This service is Free.  However, if you choose to have a paper-filed return, we charge an additional fee of $50.00. (Fee will not be charged if return is ineligible for electronic filing)

We also recommend that you have your refund directly deposited into your checking account.  In order for us to do this, we will need a copy of a voided check. Just go to your check book, write VOID across a check and send it to us with your Organizer.

DO NOT send us a deposit slip–it is fairly common for banks to use internal account numbers on deposit slips that are not meant for outside deposits.

If you don’t have a paper check. Contact your financial institution and request the following information:

• Routing Transit Number – RTN
• Full Account Number
• Name and Address of The Bank

Provide this information on a separate sheet of paper – please check it and confirm with your financial institution!

Direct deposit is FREE!

First things to do:

• Call Pilot-Tax – 317-984-7666
• Fax the letter to us – 800-951-8879
• Don’t Call the IRS
• Don’t Pay the IRS 

What is an audit?

An audit is an inspection of an individual’s or entity’s books and records by the IRS. If you’re being audited, the IRS will send you a letter stating which type of tax audit applies to you. There are 3 types of tax audits:

• Correspondence Audit — You don’t need to physically see an IRS agent for this type of audit. The IRS will request documentation, and you can mail it to them instead of delivering it in person. This is the most frequent type of audit.
• Field Audit — If the IRS needs to verify information about your home or business, they may come to see it. Field audits usually involve businesses.
• Office Audit — You must be seen in an IRS office and provide requested documentation.

Again…First things to do:

• Call Pilot-Tax – 317-984-7666
• Fax the letter to us – 800-951-8879
• Don’t Call the IRS
• Don’t Pay the IRS

Audit Terms to Know

Lien — This is a legal claim to your property (not seizure) as security for payment of tax debt. Essentially, the IRS is telling you your property is being used as a security for your debt and can be seized if you fail to pay it. If the IRS files a Notice of Federal Tax Lien, all your creditors are publicly notified. Liens may be issued when all of the following occur:

• The IRS assesses your outstanding tax liability.
• The IRS sends you a Notice and Demand for Payment (a bill that tells you how much you owe in taxes).
• You neglect or refuse to pay the entire debt within 10 days after you are notified.
• If you pay the tax due or make arrangements for payment within the allotted 10 days, the IRS will send you a Release of the Notice of Federal Tax Lien within the next 30 days.

Levy — A levy is a legal seizure of your property to pay a tax debt. The IRS may seize and sell any type of real or personal property that you own or have interest in, including cars, boats, houses, wages, retirement accounts, dividends, bank accounts, rental income, cash value of life insurance or commissions. This won’t happen unless you’ve first received and ignored a Final Notice of Intent to Levy and Notice of Your Right to a Hearing. These documents are delivered in person, to your place of business or to your last known address by certified mail.

What to Keep In Case of an IRS Tax Audit

You should keep your tax returns and any supporting documentation for your tax returns for 7 years. Supporting documentation may include:

• home mortgage statements
• Forms W-2 and W-2G
• Forms of the 1098 and 1099 series and Schedules K-1
• receipts for employee business expenses
• justification of fair market value for any items donated to charity
• receipts for items donated to charity with value greater than $500
• receipts for charitable contributions
• receipts for rental property income
• brokerage statements
• receipts for qualified education costs
• 401(k) statements
• IRA contribution records
• receipts for items sold at a gain
• home-office-related receipts
• pay stubs
• copy of the front and back of the check you used to pay your tax balance due, if applicable

Which tax returns are more likely to get audited?

According to the IRS statistics, individual returns where taxpayers claimed the Earned Income Credit, returns with Schedule C, and returns with Schedule E or Form 2106 are more likely to be examined by the IRS.  The IRS has been focusing on high Employee Business Expenses compared to income.  You as a member of a flight crew who travels and takes the per diem deduction are especially susceptible to an IRS audit. Those of you who fly International have an even higher per diem allowance–again, making you a focus of IRS correspondence audits.

For the record:  Pilot-Tax has never lost an audit on the per diem allowance deduction!

Your best defense in an audit is to obviously always report all of your income and claim only the deductions and credits to which you are entitled. If you do so, you have no reason to fear an audit.