Ever had someone review your stuff and you're left wondering if you can adjust 3 years prior?

23 Nov 2023 · 0 min

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0:28

Short excerpt from a YouTube video (creator: Mark Evans DM) discussing whether one can amend financial/tax records three years prior. The speakers say that some items can be amended, that hiring someone to amend often pays for itself, and cite an example where an amendment yielded $57,000 and saved roughly $20,000–$30,000. The tone is informal and advisory.

Questions this video answers

November 23, 2023

$57,000

$20,000–$30,000

What if, like, someone comes in, you're looking at their stuff? Can you amend three years prior? Yes, for some things. Not everything. The majority of it, whatever his fee is, we'll pay for himself. First time I ever did this. If you've never done this, their fee is non existent because you probably never amended. The person you're using probably has no clue what they're doing at a high level. They're just doing their job. No, I'm not knocking them. It's just reality. But they'll come in and say, yo, amend. Boom. 57,000. And they just saved you 20, 30 grand. I've seen this happen pretty much every single time. You deal with this all the time? Every day? Yeah.