Joel Knight Tax & Business Services - Monterey, California

Capri DC

If you like getting a horribly small return and getting an IRS audit, Joel Knight is your guy! Steer clear of this guy! He dose t seem to know what he is doing. You the customer, will pay WAY more than you should in the end!

Fred Powers

I recently had the VERY unpleasant experience of utilizing Mr. Knight's tax services. According to the IRS, my most recent federal tax returns were not filed until mid-May, 2013, after I paid for the services on April 7, 2013. The check was cashed 2 days later on April 9, 2013. There were NO concerns or questions raised by Mr. Knight on April 7, 2013 when I gave him my completed organizer. I was eventually fined a $1,080 Failure-to-file penalty by the IRS; and Mr. Knight refuses to accept, or acknowledge ANY resposibility for the filing penalty. Stating that I claim to be a victim rather than the cause. The 2013 returns were filed with the IRS on May 15, 2013. 5 days later, I received an audit letter from the IRS. In Mr. Knight's attempt to handle my audit, I had numerous serious questions about my late return, fines, penalties and the upcoming audit ALL of which went unanswered by Mr. Knight. Just recently, with just 17 days until my IRS audit, Mr. Knight chastized me about my complaints about his and his office's handling of my 2012 return and the subsequent IRS penalties that resulted; and he fired me claiming that I was the cause! Leaving me holding the bag with NO representation for my IRS audit. Best of luck to anybody that may need any professional tax help with this so-called tax service

Tom Andrew

Your filing of our 2012 tax returns included flaws costing Cate and myself over $40 thousand dollars (IRS and State) that I paid this year. I have no idea how long it will take me to recover this money, not including the interest I was earning.

You’ve been negligent and condescending responding to my email requests about the filing (I’ve saved all emails, including and since the beginning of negotiations with the Jxxxxxxxx’s, where you suggested 5 ½ percent interest instead of 6 % for the note).

In a telephone conversation I had with you after being 1099s from the title company for the building sale, you told me that around $28 k would be enough for the tax burden. Later, in an email you told me that I wasn’t being responsible in believing that $28 k would be enough, and that I’d misunderstood you (turns out that it was MORE than enough, and you have selective memory).

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In working with Michael, I’ve tried to give you the benefit of the doubt the entire time trying to make sense of the filing that you, or someone in your company, designed.

This is part of an email from Michael today:

Joel is correct that recapturing depreciation as income is necessary, however he recaptured the depreciation as ordinary income taxed at full ordinary tax rates. This is only necessary if you are selling "non-real estate", such as equipment or cars. One should recapture depreciation on real estate using capital gain tax rates, resulting in a much lesser tax.

When I say he coded the sale incorrectly in his software, I am referring to the fact he did not sell the property using the automatic features of his software. He first deleted the depreciation altogether, which was wrong, then recaptured it manually by re-entering the amounts as "overrides" to the software. I know this is all Greek to you, but he literally over-thought the transaction. He should have used the software's automatic sale features, which would have identified the sale as real estate, not equipment, and properly recaptured the depreciation at capital gain tax rates. This is why I picked up on it so quickly, as the tax seemed much too high to me, then when I looked at how it was computed, realized he had over-ridden the software. I suspect he is unaware of his error, and perhaps doesn't know that some depreciation is recaptured as capital gain rather than ordinary income. I wouldn't be surprised if he argues about my amendment, simply because he is aware of only part of the law and not the specific exception allowed for real estate.

Joel,

What I’m offering you is a really good deal: You refund me the amount that you charged me to get into this mess ($950), including about $48 in certified email fees, and you and I go about our own way. If you don’t accept this offer, you will see and hear a lot more of me. Quite frankly, I’m sick and tired of dealing with this BS, so I hope you respond without pride, or whatever this is that makes you not see the light concerning this matter. Do it under protest if you wish. I do not want to deal with you anymore Joel, but I will if I have to.

Tom

Gil G

Wonderful experience working with Joel Knight. Thank you and see you next year!

Shell Sebrell

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