Tag Archives: Business Tax Audit

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

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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

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IRS TAX AUDITS- PART I

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. Does the IRS ever contact a taxpayer or the tax preparer via e-mail to initiate … Continue reading

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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

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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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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

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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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IRS Increases Audits by Mail

If the Internal Revenue Service is going to audit you, it will most likely conduct a mail audit. In 2011, the IRS conducted 1.2 million mail audits, representing a 124 percent increase from ten years ago. In fact, the IRS … Continue reading

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Number Eight of the Eight Small Business IRS Tax Audit Areas to Watch Through 2013

Ok, our final post in this series of IRS audit areas for 2013 is here. As we wrote about in our last seven posts, the IRS continually analyzes compliance levels for entities, issues and industries by conducting hundreds of compliance … Continue reading

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Number Seven of the Eight Small Business IRS tax Audit Areas to Watch Through 2013

We are aware that for many of you, the thought of an audit can get your blood pressure racing.  We want to help you by informing you of audit target areas that might likely come under scrutiny by the Internal … Continue reading

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