Stephen Wallick May 2, 2017 No Comments

5 Simple Steps to help you steer clear of the IRS!

5 Simple Steps to help you steer clear of the IRS!

No one likes to get caught in the IRS web. The tax system is complex, and the IRS code is frightening.

But here are 5 simple rules that will help you avoid becoming entangled in conflict with the IRS.

1) File and pay your taxes on time

If you cannot do this, remember to file an extension. If you cannot pay what is due, file your forms anyway. Arrangements can be made to catch up on past due taxes.

2) Keep clear records

Good record keeping can help you steer clear of IRS trouble. Be proactive, and don’t wait until the IRS comes knocking at your door to organize those receipts! You may be asked to substantiate expenses with bank statements, as well. Be organized, in your business and personal finances.

3) Pay attention to 1099s

The IRS likes matching games. If you get a 1099, the IRS gets one, as well. Any discrepancy between what you report to the IRS and what is reported on 1099s will result in a lengthy hassle, and you will find yourself tangled in that web. When you receive a 1099, examine it closely. If you notice an error, contact the payor immediately. Ask for a corrected form, and make sure one is sent to the IRS, as well. Keep a record of all communication about a 1099 discrepancy. This will help you respond to the IRS if questions arise.

4) If you like to travel, pay your taxes

There are new rules being developed that allow the IRS to take your passport if you owe a large sum of back taxes. If you owe $50,000 or more to the IRS, you will have to skip that vacation! Don’t ignore past due taxes and don’t let them pile up…the IRS is cracking down!

5) Pick your battles

If you get a letter from the IRS, do not ignore it! Read it carefully and respond cautiously. It never pays to fight with the IRS! If you have a small tax bill, it is often better to pay it, then to risk getting caught up in that web. Use your own judgment, of course, but consider paying the small tax bill rather than creating further trouble by contesting it.

Stephen Wallick and Associates Turkey Drive 2016

TO DONATE A TURKEY, CALL 615-326-TAX9

As an opportunity to further serve the Dickson County Community, I am requesting your support.  There are 3 organizations that need our help.

1)      The Dickson County Sheriff’s Office is participating in “No Shave November”.  The Sheriff is allowing any deputy to participate for a donation of $50.  The money raised will directly support the DICKSON COUNTY HUMANE SOCIETY to help with feeding animals over the winter.  Maybe you could consider giving a dog or cat in need of a home for a Christmas present.   Please contact my office for additional information, (615)-326-TAX9.

2)      The House of Hope and New Beginnings will be hosting their 2nd Annual “Jingle Bell Run”.  Money raised will help Dickson County families in need for Christmas.  The 5K run will be on Saturday, December 10, 2016, starting at 7 a.m.  If you cannot make the run, please feel free to contact me, there are other ways to contribute.  You can register for the run online at Active.com

3)      The Dickson County Help Center – The people of Dickson County will not go hungry or be without clothes, shoes, blankets, heat or medicine. Why? Because of the Dickson County Help Center.  The Dickson County Help Center is preparing Thanksgiving Food Baskets with the goal of helping 600 Dickson County families have a turkey dinner for the holiday.  The Help Center is still in need of turkeys and items for the meal.  My office is collecting non-perishables that are needed.  If you would like to donate a turkey, we would be glad to deliver it for you.

turkey

From all of us at SW&A, we hope that you and your families have a wonderful Thanksgiving Holiday.  We all have so much which to be Thankful.

 

Best Regards,

Stephen Wallick

Blankenship CPA Group Gets Fired By City of Dickson

BLANKENSHIP CPA GROUP, fired by the City of Dickson

View More: http://alurawayne.pass.us/blankenship-smallerChristopher Lynn Griffin, Partner of Tax

PRESS RELEASE 2 of 11

Blankenship CPA Group was awarded the opportunity to audit the City of Dickson for the year ended June 30, 2013, per the Comptroller of the State of Tennessee.  After 7 months, the City of Dickson replaced Blankenship with another CPA firm out of Jackson, Tennessee.

Apparently, Blankenship did not meet any deadlines and gave the City a feeling of possible post buyer remorse.  One official stated that the City quickly lost confidence in the ability of Blankenship to deliver on their promises.

If the City of Dickson fired Blankenship, should the community have any faith in their abilities?  I think this is a valid question that the residents of Dickson County must answer for themselves.

Blankenship CPA Group in Dickson was formerly Mayes and Walters.  Mayes and Walters sold out to Blankenship, and in my opinion, sold out the Dickson Community.   Mike Walters who is married to Judy White Walters, ERA Real Estate Office also located in Dickson, has told people in thecommunity that this is one of his life’s biggest regrets.

Blankenship has been in the business of building their practice through acquisitions.  Many of these acquisitions did not go too well.  From my experience, Blankenship CPA Group of Brentwood, desires to push fees through the roof and leverage work with lower staff members.   I feel that this is a disservice to clients.

Many of the acquired practices regretted their sale / merger.  When these CPAs attempted to pull their practice back from Blankenship, they were met with brutal opposition.  Some of their stories are briefly stated below.

Joe Edmonson, of Edmonson, Betzler & Dame, also in Brentwood, is one of many firms that sold to the Blankenship brand only to have to endure a legal fight to undo the situation.  Mr. Edmonson shared with us that if it were not for his daughter, who is a lawyer in Atlanta, he may have not been so lucky.  Mr. Edmonson stated that Blankenship refused to pay him what they owed.

Another CPA, Joe Fragnoli, founder of Joseph F. Fragnoli, CPA, PC, another Brentwood firm merged his practice with Blankenship only to discover the fact that Blankenship agrees to certain terms and then changes the terms of the agreement.  Joe, was lucky to get out, but wishes he would have gone after Blankenship for their dirty games.

Brad Dickens, CPA also talked about his time at Blankenship.  After months and months of not having a contract, he decided to leave the firm and take his clients with him.  The Managing Director, CJ Blankenship, telephoned Mr. Dickens’ clients and stated that Brad was under investigation for theft and embezzlement.  Mr. Dickens did leave, and was fortunate enough that his clients did not believe CJ Blankenship.  Mr. Dickens would still desire to seek legal action against the Brentwood firm but claims that he is working to dig himself out of the financial ruins that Blankenship CPA Group caused.

Mr. Dickens also recalls a telephone call received from Chris Griffin in April of 2016.

Mr. Dickens was aware of another “Deal Gone Bad” in Dickson County.  Christopher Griffin, Director of Tax for Blankenship, telephoned Mr. Dickens and strongly encouraged him not to say anything bad about the Blankenship firm.  CJ Blankenship placed the same call to Mr. Fragnoli.

If these stories all sound vaguely familiar, they should.  These are the allegations that are being launched against me.  I intend to share on my website all attorney letters, legal filings, and correspondence.   Since I decided to remove myself from Blankenship because I believe they refused to pay me what I am owed, I have been the recipient of harassing phone calls, threats of extortion, threats of FBI raids on his home and office, threats of blackmail, defamation, and repeated character assassinations.

Additionally, Blankenship has opened a criminal investigation against me in Dickson County claiming …. you guess it THEFT while the civil case is also in front of the Williamson County Chancellery Court.  Blankenship’s attorney has threatened me with another legal fight should this Press Release be published.  I feel that Blankenship only wants their side of the story shared with the citizens of Dickson County.

I will present all court records, attorney letters and documentation.  If they are reviewed in a chronological order, it is clear to see the real story.

Stephen Wallick October 31, 2016 8 Comments

Blankenship CPA Group is Being Sued Again…

PRESS RELEASE – BLANKENSHIP CPA GROUP v. STEPHEN WALLICK

In August of 2014, Stephen Wallick sold his business (ASC Tax Services in White Bluff, Tennessee) to Blankenship CPA Group in Brentwood, Tennessee. Mr. Wallick joined the firm as a Principal.

Mr. Wallick has a distinguished career in public accounting working for both the international firms of PricewaterhouseCoopers and Deloitte and Touché. Mr. Wallick worked in Healthcare Delivery Systems Merger & Acquisition, Healthcare Consulting, Medicare Compliance, Sarbanes Oxley Compliance and Litigation Support. He is an honors student, youth minister, directly involved with the Dickson County Jail Chaplaincy and Tri-County Special Olympics, and published several articles related to Medicare Fraud and Compliance. Mr. Wallick moved to Dickson County because of his love for his wife, a graduate of Liberty University and Eastern Seminary College. They moved here for a safe and wholesome place to raise their 5 children.

The Brentwood Blankenship CPA Group also purchased Mayes & Walters CPAs. Stephen Wallick merged his firm into the Dickson office of the Brentwood Firm. The Brentwood Firm never executed final contract with Stephen Wallick. After Stephen Wallick moved his practice into their Dickson office, the Brentwood firm began to change the terms of their agreement. These changes cost Mr. Wallick considerable amounts of income.

After three (3) years, of attempting to get the Brentwood firm to pay what they owed, Stephen Wallick retained an attorney and began to extract himself and his clients from what he calls the Thieving Brentwood Boys.

The Blankenship CPA Group took advantage of Stephen Wallick and according to court records from Williamson County, Stephen Wallick alleges the Brentwood firm owes him $175,000 in salary and purchase price related to the sale of his practice.

This Brentwood firm apparently has done this to several other CPAs over the last 10 years. Several of these CPAs would gladly testify at both the criminal and civil trials.

Mr. Wallick also filed a civil lawsuit against the Blankenship CPA Group in Williamson County seeking damages. Mr. Wallick claimed that the Brentwood firm has attempted to extort Mr. Wallick, blackmail Mr. Wallick, harass Mr. Wallick, in an attempt defame his name and reputation in the Dickson County community where he has served his clients for the past 10 years.

Mr. Wallick has retained a professional blogger. This blogger will begin to blog every detail and aspect of this legal case. To read more about the unprofessional, criminal behavior of the Brentwood firm, please subscribe here.

TOPICS to come:
1. How the Brentwood firm put every customer of a Bank at significant risk of having their private information compromised.
2. Why the City of Dickson fired the Brentwood firm after only 7 months.
3. Interviews with other CPAs that were victimized by the Brentwood firm.

Mr. Wallick asks that his fellow Dickson County residents reserve judgment until the deposition of this case. Mr. Wallick looks forward to having a jury trial in Dickson County with a jury of his Dickson County peers.

Stephen Wallick December 10, 2015 1 Comment

Welcome to Stephen Wallick & Associates!

Thank you for visiting our website! We’d like to share a little bit about ourselves. Steve and his wife, Melissa, have been residents of Dickson County for 15 years. They have raised their 5 children here, are actively involved in their church family as youth ministers, and have operated several businesses in this community.  Steve graduated from Philadelphia University in 1995 with a Bachelors of Science in Accounting. He completed his coursework in a Masters of Science in Taxation at William Howard Taft University and will graduate later this year. Steve is an Enrolled Agent (EA) with the IRS, and a Certified IRS Issue Resolution Specialist. Steve has 20 years of Public Accounting experience, having worked at PricewaterhouseCoopers, Deloitte & Touche, and other large regional firms. Melissa graduated from Liberty University in 1995, and completed her graduate work at Eastern University. Melissa also owned and operated a business, serving the community for 10 years.

At Stephen Wallick and Associates we enjoy building a personal relationship with our clients. We believe that we can better serve you and more effectively resolve your issues if we get to know you and your situation.

We are a full service firm providing Tax Return Preparation, IRS Issue Resolution, Small Business Services, Payroll Services, and Tax Planning.

Thank You for giving us your consideration.