Not Your Ordinary Bean Counters
Red-Flag Record for the Examiner Once your audit examination begins, the examiner likes to see this record. If the record is missing or lacking, the IRS examiner knows that your other records are also lacking. This record-the one you probably hate keeping-is the mileage log on your vehicle or vehicles. The IRS notes that a … Read more
Know This Golden Rule Keep a mileage log. The Fraud Case In Flake, the IRS asserted income tax deficiencies of $16,240 and $58,094 and Section 6663 fraud penalties of$12,180 and $43,571.1 In this case, the court had to decide The Audit This tax case began when an IRS revenue officer audited the Flakes’ tax returns, … Read more
1. Employ your spouse.
2. How to avoid the kiddie tax
3. QSEHRA health plan