Explanation of our 8-Step Due Diligence Process
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1) Investigate Top 5 Providers:
Our community of CPA and Attorney Due Diligence professionals discovers interesting solutions and shortlists the top providers for investigation.
2) Apply Expertise & Insight of Group:
Top attorneys and accountants share insights, solutions, and real client outcomes, saving advisors time and ensuring better results.
3) Verify 20+ yrs IRS and State Audit Record:
We require our experts to have a perfect “no change order” record in examinations and audits conducted by the IRS and state tax boards for at least the last 20 years. We also require that each expert have used the relevant solution for at least 20 years in the field.
4) Stress Test by Former IRS Tax Attorneys:
Former tax attorneys who previously worked in the general counsel's office of the IRS work with our CPA and attorney providers. Their primary responsibility is scrutinizing the provider's solutions and providing recommendations for enhancing them. This process guarantees that the solution is in full compliance with the IRS regulations.
5) Refine Solution After Stress Test:
The CPA and attorney provider implements the recommendations of the former IRS tax attorneys.
6) Client Hires 3rd Party CPA & Tax Attorneys:
We have assembled a team of distinguished former IRS tax attorneys, law professors/tax attorneys, and managing directors from large CPA firms to serve as client fiduciaries. They will advise the client's CPA, attorney, and other advisors, on how to optimize the implementation of the cost-saving solution.
7) 3rd-Party Tax Attorney Opinion Letters:
We strongly suggest clients engage an experienced tax attorney to write a formal Opinion Letter to satisfy the "reasonable cause and good faith" exception of IRC section 6664. We can refer such tax attorneys upon request.
- This is particularly vital for clients who are cautious and prefer to reduce the likelihood of their tax return position being challenged successfully. A detailed analysis conducted by the client's tax specialist can offer the reassurance that they desire.
8) IRS & State Audit Support:
All our solutions include support for IRS and state audits, guiding the client through the entire process for as long as the business remains a client.
How to Move Forward
Our 6-Step Process with Advisors and their Clients
1. Assess Client's Suitability: The advisor (CFO, CEO, CPA or 1031 QI) books a 15-minute call with us, and collectively we determine which cost-saving solutions are most appropriate.
2. Introduce your Client to our Team: The advisor introduces our team of experts to the business owner client on a Zoom or phone call. We provide a brief overview of our services and seek permission to educate the client's advisors (such as their CPA or attorney) on the solutions the client is interested in without any cost or obligation
3. We Educate Client's Advisors: Our experts educate the prospective clients' current advisors at our expense.
4. Client Provides Relevant Data: The client/advisor shares operational data for scenario analysis and value quantification.
5. We Customize Solutions: We specialize in developing customized solutions for business owners that can help them double their profitability.
6. Clients and Advisors Decide: Your client-advisor team can make better decisions with relevant information on the best solutions.
Our 3 Published Books (800 pages)
