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Tag Archives: IRS Tax Audit Areas
Ideas to Help Audit Proof Your Tax Return
No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas to avoid some of the more common audit triggers. Report everything that has an informational tax return.If you are like … Continue reading
Posted in IRS Tax Audit
Tagged Business Tax Audit, IRS Problem Help, IRS Tax Audit Areas, Tax Problem Solutions
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Audit Target: The Sole Proprietor
A sole proprietor is someone who owns an unincorporated business by himself or her self. Each year the IRS publishes their activities in a publication called the Data Book. And each year for the past number of years the … Continue reading
Posted in IRS Tax Audit
Tagged Business Tax Audit, IRS Tax Audit Areas, Irs Tax Audits, Tax Audit, Tax Audit Areas to Watch through 2013
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The Chances of Being Audited
An IRS Tax Audit can be one of the scariest situations a person or business can face. Often times the IRS has a distinct advantage because the average person doesn’t know enough tax law to defend him/herself against an … Continue reading
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Tagged Business Tax Audit, IRS Problem Help, IRS Tax Audit Areas, Irs Tax Audits, Tax Audit, Tax Problem Solutions
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Audit Target: The Sole Proprietor
Each year the IRS publishes their activities in a publication called the Data Book. And each year for the past number of years the number one target of audits are those tax returns with a Schedule C for small business … Continue reading
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Tagged Business IRS Tax Audit, Business Tax Relief, IRS Problem Help, IRS Relief, IRS Tax Audit Areas, Irs Tax Audits, Tax Problem Solutions
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Tips for an IRS Audit
While most of us are never audited, when it happens it can feel a lot like a lamb thrown in the room with a lion. The IRS auditor does these audits every day. They know what to look for … Continue reading
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Tagged IRS Tax Audit Areas, Irs Tax Audits, Tax Audit, Tax Problem Solutions
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What can Trigger a Tax Audit?
A lot of people are curious to know who the IRS audits. Audit activities are likely to increase as the IRS continues to utilize enforcement to provide revenue. At Lefstein-Suchoff CPA and Associates we have years of experience defending taxpayers … Continue reading
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Tagged IRS Problem Help, IRS Tax Audit Areas, Irs Tax Audits, Tax Audit, Tax Audit Areas
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IRS Audits of Independent Contractors
It is very important to make the proper decision about employee classification. If an employee is incorrectly identified as an independent contractor you may be liable for the self-employment taxes that you should have paid plus penalties. If you … Continue reading
Posted in IRS Tax Audit
Tagged Business IRS Tax Areas to Watch, Business IRS Tax Audit, Business Tax Audit, File Tax Return, IRS Tax Audit Areas, Irs Tax Audits, Tax Audit Areas
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Gift Tax Returns More Likely to be Subject to IRS Audits
The Internal Revenue Service is likely to step up audits of gift tax returns, it may appear. Fewer estate tax returns are being filed because of the increased estate tax exemption, so the agency has more staff and resources to … Continue reading
Posted in IRS Compliance
Tagged IRS Problem Help, IRS Tax Audit Areas, IRS Tax Problems, Tax Problem Solutions
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Charity Scrutiny & Potential IRS Audits Forthcoming
Tax-exempt groups will face extra audit heat from IRS on several fronts: Organizations offering aid on mortgage foreclosures. Examiners will check whether these groups are helping people or just generating income for their owners. A similar project involving credit counseling … Continue reading
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Tagged Business IRS Tax Areas to Watch, Business IRS Tax Audit, Business Tax Audit, IRS Tax Audit Areas, IRS Tax Problems, Tax Audit
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IRS Practice and Procedure Change: Examinations
In 2012, the IRS continued to focus on correspondence (mail) examinations, which contributed to an overall audit coverage rate of slightly more than 1% for individual taxpayers. This rate dropped slightly in 2012 due to a reduction in examination personnel. … Continue reading
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Tagged IRS Problem Help, IRS Tax Audit Areas, Irs Tax Audits, IRS Tax Problems, Tax Problem Solutions
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