Tax Resolution Attorney John P. Willis Assures Readers That They Are Not Alone If They’re In Tax Trouble, Haven’t Yet Received Their Tax Refunds, Or Lost Big In FTX Cryptocurrency Platform Bankruptcy.
Tax resolution attorney John Willis, CEO, and founder of IRSALLSTAR, writes the millions of individual as well as business owners who have yet to have their tax returns processed by the IRS and the millions of investors who lost big time when FTX declared bankruptcy.
Fairhope, AL, November 25 2022: Tax Attorney John Willis, CEO, and founder of IRSALLSTAR.com, recently published an article on his website entitled “You’re Not Alone If You Still Haven’t Received Your 2020 or 2021 Tax Return.” Mr. Willis addresses the IRS backlog as well as the FTX cryptocurrency platform bankruptcy.
“As we come to the end of another year and start preparing for the 2022 tax filing season,” Willis states, “there are more than 6 million taxpayers whose tax returns have not been processed by the IRS.” He adds, “According to the IRS, there are 3 million outstanding individual returns and more than 4 million business returns awaiting initial processing. In addition, there are more than 2 million amended individual and business returns.”
As Willis notes, “Some of those returns include rejects along with about 3 million that are being examined for potential identity theft. And, of course, there’s always the paper returns that pile up included in those figures.”
“They say that patience is a virtue,” Willis acknowledges adding, “but if you’re counting on tax refunds that take years to get to you, frustration probably runs high.” “Despite the frustration,” says Willis, “you still want to continue filing your federal tax returns even if the IRS is not attending to your returns. At least you’ll stay on their good side and if there are issues that arise with your returns, you will be compliant.”
Willis goes on to address another recent event that affected many people. He writes, “You’re in very good company if you find yourself reeling after Cryptocurrency platform FTX declared bankruptcy. According to NPR, “More than a million people may have lost their money in the spectacular collapse of the cryptocurrency trading company FTX.” https://www.npr.org/2022/11/17/1137501882/ftx-investors-are-unable-to-access-their-money-shaking-crypto-investors-confiden#:~:text=More%20than%20a%20million%20people,the%20cryptocurrency%20trading%20company%20FTX.
Willis notes, “FTX, one of the world’s biggest crypto exchanges, filed for bankruptcy in the US last week after speculation around the financial health of the platform saw a mass of customers attempt to withdraw their funds from the exchange, leading to its collapse.”
“Among those big losers,” Willis writes, “are Tom Brady, his ex-wife Giselle Bündchen, basketball star Stephen Curry, Shaquille O’Neal, and comedian, Larry David. This rich, stellar line-up will likely not feel the sting from this collapse, but many folks will be devastated by the loss.”
The entire article can be read at: LINK HERE
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 23 years and he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed, and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities.
To learn more about Mr. Willis and his law firm please visit http://irsallstar.com or call toll-free 877-254-4254.