DISASTER RECOVERY - IRS puts a Retired Business Owner's Feet to the Fire
A retired business owner was audited by IRS for a former business that he owned. When the retired owner could not produce the massive amount of documents showing the revenue and expenses, IRS took the position of acknowledging the revenue, but not the expenses. IRS then asked for 8 Million dollars for taxes, interest, and penalties. The retired owner had a computer tape of the old system that was 12 years old, but could not find a computer system to put it on. After their accounting firm made a desperate request of 4,000 computer experts, they were told that the job was impossible. Completely desperate, they approached the compiler and operating system company with a blank check. Again, they were told that the job would cost millions of dollars, and was most likely impossible. They were then recommended to Softek. Softek took the job, and produced the expenses for less then 15k. Softek saved the retired owner 8 Million dollars. |