The IRS Audit Blog

Archive for August, 2009

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Question: What’s the largest amount that you’ve ever owed the IRS after doing your taxes or after an audit?

Answer: From an audit: $75.00 (But walked out of one with $125 the following year.)

At filing time: over $25,000. (Sold some real estate. It was kind of fun writing that check, the largest one I ever wrote.)

Audit makes case for workers’ comp reform

A legislatively mandated audit by State Auditor Brian Sonntag has revealed that the workers’ compensation system run by the Department of Labor & Industries is likely headed for collapse.The audit’s findings reinforce BIAW and the business community’s urgent call to reform the state’s broken workers’ compensation system. …

How to Avoid an IRS Tax Audit : How to Avoid IRS Audit Flags

Finance and Banking

The staff of the SEC’s Division of Investment Management has posted guidance on how registered funds comply with the new corporate governance disclosure requirements described in the December 22, 2009 Alert . The SEC’s adopting release indicated an effective date of February 28, 2010 but did not explain how this applied to the different types of filings subject to the new requirements.

DISCHARGE DEBTS THRU A4V and IRS!

The Most-Overlooked Tax Deductions

Here are the top 19 breaks — including six new ones — that you shouldn’t pass up.

Peter Newman, Scott Borden, Michael Lee: Economics 2009

Tribal suit decision expected

A case involving allegations of misspent tribal gaming money — including suspicious cash withdrawals and out-of-state trips, among other things — likely will be decided in tribal court as early …

TRS Files: Getting Help with IRS Audit – Don’t Let the IRS Seize Everything You Own!

Keep important records and cut the clutter

As you gather the papers necessary for this year’s tax return preparation, you may be wondering what records you need to keep and how long you need to keep them.

IRS Collection Statute Expiration Date (CSED)