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Posts Tagged ‘Audit’
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. … 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 … Continue reading »
How to Survive an IRS Audit from Hell
Recently we helped a client survive an Internal Revenue Service (“IRS”) Audit. Ultimately, we got a very good outcome. The taxpayer owed $219. That's as close to "No Change" as you can get!
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, 2011.
Failure to file this declaration or filing late will result in a penalty equal to 25% of the assessed value of the property.
How to Give a Power of Attorney to Your CPA to Deal With the IRS
Today’s routine is similar to many other days until you started opening your mail. In today’s mail is a notice that you are being audited by the IRS. Now what do you do? Give your CPA a Power of Attorney.
