Tag Archives: IRS Audit

Top Reasons for IRS Audits

Most clients are concerned with three important issues when it comes to filing their annual tax returns.  Knowing how much you owe, how much your refund will be and how to avoid the dreaded IRS audit.  Today, we visit how … Continue reading

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Keep Smart Records to Audit-Proof Your Return

“Audit-proofing” your return means documenting deductions so that you can prove them if you’re audited. Today’s historically low audit rates make it pay to be aggressive. But you should file your return as if you expect to be audited. That … Continue reading

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What are your chances of being audited?

Of the 140,837,499 total individual income tax returns with a filing requirement, 1,564,690 were audited. This works out to roughly 1.1%, the same as the rate for the previous year. Of the total number of individual income tax returns audited … Continue reading

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The “Audit Flag” Myth

It seems that most accountants try to sway their clients based on their fear of IRS audit.  We have seen some practitioners go to great extremes to keep their clients captive in this fear that “if they leave that accountant … Continue reading

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IRS Auditors Request QuickBooks Data File

There has been such a change in how accounting is handled for small businesses over the last two decades.  The majority of small businesses today use QuickBooks as their primary accounting software package.  Well that has not gone unnoticed by the … Continue reading

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