IRS AUDITS
IRS AUDITS The IRS is stepping up audits of taxpayers at a rapid pace. Each of the past several years there has been a significant addition of Revenue Agents (RA) and Revenue Officers (RO); those responsible for auditing returns and collecting taxes. In addition, the IRS has been improving its already sophisticated computer programs, resulting […]
IRS Stepping up Audits
I expect to see a significant increase in the number of audits by the IRS. The trend has been upward for several years now and I expect that to continue. As I have previously stated, one of the primary areas of interest by the IRS is Schedule C businesses. The IRS is in the process of […]
Who’s Afraid of the Big Bad Wolf?
I just attended an intensive training program on dealing with the IRS. One of the instructors, at prominent tax lawyer, said that, based on his experience, about 15% of the U.S. population becomes functionally illiterate when they receive an IRS letter. Another 5 – 10% breaks out in a cold sweat and many are afraid […]
Experience Level of IRS Auditors
I went to a party the other day and asked a man to whom I had just been introduced, what he did. His response was very telling. He said, “Don’t get mad at me, but I have just recently gone to work for the IRS.” When I said it didn’t make me mad, that I […]