A farming operation once approached AGCPAs in crisis. The IRS was aggressively pursuing the owners with visits and an onslaught of notices. Once we were granted Power of Attorney, our team reviewed 11 years of financial records.
Within weeks, we uncovered an embezzlement scheme involving falsified vendor accounts and misappropriated payroll tax payments. While it was heartbreaking to learn a family member was responsible, our work helped the company recover.
We implemented an Interest Charge Domestic International Sales Corporation (IC-DISC) structure to optimize tax benefits for exports, paving the way for the business to rebuild and expand.