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| - I got this place recommended from a co-worker back in '13 after I did my taxes somewhere else. So I figured this year I'd try MTS when I got this horrible letter from the IRS.
I get a letter from the IRS stating I owe $14,000+ in taxes from stock trades that I did back in '08. The part that I couldn't understand is that I lost money in stocks. At one point, I made a lot of money in one stock that I kept selling at a high price, then rebuying more of it when it went down, and kept doing that for a while when the market was pretty crappy. The stock was Las Vegas Sands to be exact. Later, I went all in on a "tip" and lost it all when the stock tanked.
So fast forward 5 years later, IRS sends me a letter and tells me I owe them $14K in taxes from all my stock earnings. They don't take into consideration what you lose, just what you sell. So to them, I made a lot of money.
Luckily for me, MTS grabbed all my E*Trade statements, compiled every single sell and buy, and filled out a form that reduced my balance to less than $1K.
The feeling I got when I read that letter from the IRS, I wouldn't want to wish it on anyone. I'm glad he got me through it, and for that he has a lifelong client.
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