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Tag Archives: Irs Tax Audits
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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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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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
Posted in IRS Tax Audit
Tagged IRS Problem Help, IRS Tax Audit Areas, Irs Tax Audits, IRS Tax Problems, Tax Problem Solutions
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Form 1099-K & Income Matching; Potential Audit Troubles?
Form 1099-K is an information return that reports payment card and third party network transactions. Previous reports along with speculation supported that the IRS may conduct specific matching of Forms 1099-K to business returns in 2012. If the business income … Continue reading
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
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
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
Number Six of the Eight Small Business IRS Tax Audit Areas to Watch Through 2013
An audit is an IRS examination of an individual or business tax return, to verify its accuracy. An IRS Tax Audit can be one of the scariest situations a person or business can face. Often times the IRS has a … Continue reading
Number Five of the Eight Small Business IRS Tax Audit Areas to Watch Through 2013
As we wrote about in our last four posts, the IRS continually analyzes compliance levels for entities, issues and industries by conducting hundreds of compliance projects and initiatives each year. Leading up to the start of the government’s fiscal year … Continue reading
Number Four of the Eight Small Business IRS Tax Audit Areas to Watch Through 2013
While statistically, the odds are in your favor not to get audited, there is always a risk that you can get audited. As we wrote about in our last three posts, the IRS continually analyzes compliance levels for entities, issues … Continue reading
Number Three of the Eight Small Business IRS Tax Audit Areas to Watch Through 2013
No one wants to be audited. That’s why we’ve decided to let all of you out there learn whom or what the IRS has declared “targets” of their audit ‘sting”. We wrote about in our last two posts, how the … Continue reading