IRS Audits of QuickBooks Users
Companies using QuickBooks, Peachtree or other popular accounting software have greater risk in IRS audits, or IRS examinations than ever before. (more…)
Read Full Post | Make a Comment ( 1 so far )New IRS Employer Tax Examinations
The Internal Revenue Service (IRS) has recently begun a 3-year National Research Program to randomly select and intensely audit approximately 6,000 companies to focus on employment tax issues to include review of independent contractor status, executive compensation, fringe benefits and other employment tax issues. This is a first attempt (in approximately 25 years) where the IRS National Research Program has targeted employment tax. The goal of the IRS is to identify areas of noncompliance across industry sizes and sectors including nonprofits and governmental entities, with an ultimate goal of revenue collection. (more…)
Read Full Post | Make a Comment ( 10 so far )IRS Audits and Kiplinger’s Retirement Report
The following post is in response to an inquiry (denoted in bold lettering below) from Kiplinger’s Retirement Report on IRS examinations (italicized below). Our special thanks to Kathryn Watson of Kiplingers for her attention. (more…)
Read Full Post | Make a Comment ( None so far )Three New IRS Tax Reporting Rules Will Help to Identify Tax Cheats
Three new reporting requirements will significantly change the landscape as we know it for the identification and examination of federal tax reporting errors and omissions. (more…)
Read Full Post | Make a Comment ( None so far )Avoiding An IRS Audit
Are you wondering?
- How Can I Avoid an IRS Audit?
- What Triggers an Audit?
- What Are Things the IRS Looks For?
If these are questions you are looking for the answer to you’ve come to the right place. (more…)
Read Full Post | Make a Comment ( None so far )Auditors Crack Down on ‘Independent Contractors’
(CNNMoney.com) — If your business uses independent contractors, get ready for new scrutiny. Hoping to boost tax revenue, the IRS and many state governments are cracking down on how companies classify their workers. (more…)
Read Full Post | Make a Comment ( None so far )What to Do When You Receive the IRS Audit or Examination Letter
Who Gets Audited
Your probably going to begin by saying why me? Thousands and thousands of taxpayers get audited annually. You’re not the only one. Don’t take it personally. (more…)
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Miami Accountant Online 