Posts Tagged ‘Audit’


How to File a Personal Property Tax Declaration in Connecticut

All Connecticut business owners that own personal property must file a Personal Property Tax Declaration by November 1, 2017.

Failure to file this declaration or filing late will result in a penalty equal to 25% of the assessed value of the property…and nobody wants to pay 25% more in taxes! So, you can file or have Borgida & Company file, but don’t forget to FILE!


5 Proven Steps to Survive a Connecticut Labor Department Audit

Number five on the start of a running track

You received a notice of audit from the State of Connecticut Labor Department. What should you do?  Follow these 5 Proven Steps to Survive a Connecticut Labor Department Audit.

 

1) Give a Power of Attorney to Your CPA

To have your CPA represent you in front of the Connecticut Department of … Continue reading »


5 Easy Steps to Take When Being Audited By the IRS

computer key in a keyboard with letter, number and symbols

You open your mail and you get the notice.  You are being audited by the IRS.  Now what do you do?  First, relax.  Then follow these 5 Easy Steps.

 

1) Read the Notice

I know this sounds basic but you would be surprised at how many people ignore letters from the IRS … Continue reading »


6 Easy Steps to Navigate an IRS Audit and Save You (Tax) Money

1) Determine if this is an IRS Field, Office or Correspondence Audit

With a Field Audit, the audit will be done at your place of business. Most taxpayers requests that the audit be moved and done at your CPA’s office. The auditor however still has the right to visit your office.

In an Office Audit, the audit will be done at the local IRS office. You get to go see them.

In a Correspondence Audit, everything is done through … Continue reading »


What Not To Wear…To an IRS Audit

On TLC’s What Not to Wear Stacy and Clinton give a ‘make over’ to some lady that is, well…not dressed so well… Taxpayers that are being audited need to make sure they are putting their best foot forward right at the start of an IRS audit.

Field, Office and Correspondence Audits

The first thing a taxpayer needs to understand is The Difference Between an IRS Field Office and Correspondence Audit. If it is a correspondence audit, it doesn’t … Continue reading »


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