When filing your 2019 partnership tax return you need to remember that IRS procedures for auditing partnerships changed in 2018. The new audit rules can result in a partnership-level tax…
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Let’s say that you have just received the results of an IRS audit and they are not favorable. The auditor has assessed additional back taxes, and now, you are on…
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IRS audits have been on the decline in recent years as a result of the reduction in IRS enforcement personnel. According to the IRS’s 2017 Data Book, the IRS audited just over 900,000…
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Often in an IRS audit, the tax examiner will ask for your mileage log at the beginning of the audit. If you do not have a mileage log, what should…
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An IRS audit is something no one ever wants to face. Audits mean gathering tax paperwork, answering personal questions about your income and expenses, and potentially facing a bill for…
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Tax season is upon us once again and many individuals and businesses are struggling to make sure that all of their obligations to the Internal Revenue Service are fulfilled. You…
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You've probably heard the expression that every cloud has a silver lining. Sometimes you can even find a silver lining in an IRS correspondence audit.
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Your ability to deduct losses on Schedule C depends on whether the activity is a trade or business or a hobby operated primarily for your recreation and pleasure.
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We recently received good news from our audit reconsideration request that the IRS reversed a tax assessment in excess of $200,000 for back taxes against our Boca Raton client. Needless…
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The Internal Revenue Service just announced it has rolled out a streamlined program designed to help small businesses under audit to quickly resolve their differences with the IRS. The Fast…
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