Posts tagged as:

audit

Being Right Isn’t the Same as Not Getting Audited

28 March 2008

Lots of people like being right. But in the tax world, just like in other situations, being right isn’t always enough. A good friend recently asked me to review his tax return before he submitted it to the IRS. I did and I noticed something that I didn’t love – a huge refund (and I [...]

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Why do I feel like somebody’s watching me?

18 March 2006

Because maybe there is somebody watching me.  And that somebody is Uncle Sam. Yep, fresh off our firm’s annual unemployment compensation audit (we’ve been chosen almost every year in a random audit – luckily, no worries), I read today that IRS released a report that more than 1.2 million individual federal income tax returns (forms [...]

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He’s Making a List, and Checking It Twice…

4 November 2005

Uncle Sam, that is. CNN.com reported today that tax audits are up 20%. Key on the Service’s “hit list” are small businesses. It’s difficult to tell whether the increase in small business audits is linked to the focus on s corporations, which I blogged about before but I wouldn’t be surprised. High income individuals are [...]

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