Tag Archives: Tax Audit
IRS TAX AUDITS- PART IV
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Can you request the audit be conducted at the IRS office instead of at your … Continue reading
IRS TAX AUDITS- PART III
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Where will the audit be held? It depends on the type of audit being conducted. … Continue reading
IRS TAX AUDITS- PART II
Please read our seven part blog series on IRS tax audits. We have answered some of the most asked questions we receive regarding tax audits. Why was my return selected for audit? When returns are filed, they are compared against … Continue reading
If You Receive an IRS Notice, Here’s What to Do
Each year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they receive one, many are easy to resolve. Here’s what to do if you receive a letter or notice from the … Continue reading
What Are Your Audit Odds?
Do you wonder what your odds are of being selected for an IRS audit? Statistics just released for tax returns filed in 2011 and audited in 2012 show a 1% audit rate for individual tax returns. About 3.6% of business … Continue reading
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
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
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
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
IRS Examination of Return
Have you been selected for an IRS Examination or Audit? Our blog can provide you with some information that may help in the process. The IRS examines a taxpayer’s books and records either at the place of business, or where … Continue reading