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Posts Tagged ‘irs tax audit’

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 thousands of dollars so far and I was just curious if I could write off this money as a business expense, or in some other way.

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What 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 tax preparer an Insurance fee to represent us in the event of an IRS Audit.

I received in the mail an audit letter from the IRS. The IRS asks me to mail in some supporting documents for my tax deductions. I have the info they want. Should I hire a tax attorney to help with the tax audit or will I be ok mailing everything to the IRS on my own?

What is a way to verify if an IRS tax audit was performed and how to know the outcome of that audit?

If a person did not submit their taxes for multiple years and and they were reported – is there a way to verify that the audit was done?

Also, if the person moved since the initiation of the reporting to the IRS, does any action need to take place? The person has maintained a job in the public workforce over the years, including the present time.

Thank you!

Question: Is there something wrong with this plan for taxes / charity?

Instead of making charitable donations tax exempt, why can’t the government include charitable donations as tax? I mean to count charity and tax as the same thing.
That way people would have the option of either giving money to the government in the form of tax or giving to a charity of their choosing.

Would that promote giving to charity? Isn’t that a better solution for both liberals and conservatives?

Answer: I believe it would contribute to giving to charity…which would be a good thing.

It would be great if all of our government services were more local and informal like neighbors helping neighbors, instead of money going through some government entity.

Financial Times FT.com

Wealthy individuals are continuing to prioritise charitable giving over luxury spending, but are missing out on a quarter of a billion pounds of tax relief on their donations, according to the latest research.

Surviving an IRS Tax Audit : IRS Audit: Charitable Donations