IRS Audit Results must be reported to New Jersey Division Of Taxation within 90 Days Adoption of federal partnership tax audit regime. Under the bill, a partnership must report any federal partnership audit adjustments made by the Internal Revenue Service pursuant IRC...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
audits
When will the IRS Contact a Taxpayer
IRS Tax Tip 2022-50: Filing season security tip: Know the facts about how the IRS contacts taxpayers The IRS has reminded taxpayers how it will and, perhaps more importantly, will not contact taxpayers. When the IRS needs to contact a taxpayer, usually it first...
IRS Audits Can be fought – We know their “Playbook!”
BUSINESSES CAN UTILIZE THE SAME INFORMATION IRS AUDITORS USE TO EXAMINE TAX RETURNS The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into what the IRS is looking for in terms...
IRS Audits of Businesses
IRS AUDIT TECHNIQUES GUIDES PROVIDE CLUES TO WHAT MAY COME UP IF YOUR BUSINESS IS AUDITED IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific industries, such as construction. Others...
IRS Audits and Collections down for 2016-2017
IRS Audits and Collections down for 2016 IRS has issued the 2017 IRS Data Book, its annual publication containing statistical tables and IRS organizational information. One key figure in the Data Book is the rate at which IRS audited returns in 2017 – it dropped to...
European and State Governments Squeezing Businesses for tax Dollars!
European governments are attacking American businesses trying to get as much tax money as possible. The latest leader in this witchhunt is France. They are not only going after companies for large civil taxes but they are at going after the businesses and the...
IRS Increasing Audits of Businesses with Subcontractors!
IRS Increasing Audits of Businesses with Subcontractors! The Wall Street Journal reported today the IRS is attacking business. Established and growing companies are being audited by the Internal Revenue Service to force compaies to treat independent contractors as...
IRS Increases Small Business Audits
Smaller companies were audited 41 percent more often in 2007 than in 2005, and companies with $10 million to $50 million in assets were 29 percent more likely to be audited in 2007 than 2005, according to a study by Syracuse University’s Transactional Records Access...
Obama Administration Attacks Small Business
Obama Administration Attacks Small Business The Obama Administration’s new Labor Secretary, Hilda Solis, screamed to Union workers “You can rest assured that there is a new sheriff in town.” Solis proclaimed at a recent AFL-CIO conference that she is going to...
