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If you are audited by the IRS, can you write off the cost incurred during the audit, such as bills from your cpa?
I’m a loan officer who is 1099′d. I am currently undergoing an IRS tax audit for the years of 2004 and 2005. I have probably paid my cpa in the neighborhood of [...]
I have a small restaurant business.
Some of my previous tax returns were totally off. Gross sales and COGS were off by 110%, and lots of tax deductions were not included in the returns. This is a family business and my brother did the tax returns and totally screwed up. The old tax return paid the [...]
Tags: 26k, amended returns, brother, cogs, family business, filing amended return irs audit, filing amended return trigger irs audit, filing amended returns, gross sales, IRS, IRS Audit, irs audit restaurant businesses, irs auditing amended returns, irs red flag, red flag restaurant business, restaurant business, restaurant business returns, return numbers, small business, tax audit amended return, tax audit restaurant business, tax returns, tax returns restaurant business, trigger irs audit, triggering irs audit, will it trigger irs auditI had a message on my phone and so I called the 1-800 number on my voicemail, it answered the IRS. Evidently the IRS called me. Could it be that the IRS wants to audit me? Should I get a hold of a tax attorney? I think it is for real. [...]
Tags: 1-800 number irs, audit, does the irs call people they want to audit, hoax, informatin on irs calls, IRS, IRS Audit, irs called me, irs calls, irs calls to audit, irs hoax, irs left a message, irs left message on voiemail, irs phone, irs scam, irs wants to audit me, should i return irs calls, tax attorney, tax audit, tax returns, voicemail, why the irs call, why the irs calls, why would the irs callQuestion about IRS audit if I have a business and multiple bank accounts
I have a small business, I’m the only employee. I have business accounts at multiple banks. Sometimes, I withdraw money from one bank account and deposit some or all of it in another bank account. If I were to get audited [...]
Tags: auditing all income, bank accounts, banks, business, business accounts, business accounts at multiple banks, deposit in a nother bank account, deposit money not income, deposit my own money, how would the irs know, how would the irs know if im reporting all income, income for business, IRS, irs and multiple bank accounts, IRS Audit, money, moving money from bank accounts, multiple bank accounts irs audit, reporting all business income, reporting all income, reporting income multiple bank accounts, small business, withdraw money from one accountWhat are the normal and customary fee’s charged by a Tax Preparer during an IRS Tax Audit? Insurance was paid.
IRS determination was a no deficiency in income tax due but now we have to pay just about as much in Tax-Examination audit preparation & representation fees for professional services rendered. Originally, we paid the [...]
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