The IRS Audit Blog

Question: another ethics in accounting question?

You are a newly qualified chartered accountant who has recently moved to a midsize town to start a local practice. Your client requires an audit. Standard procedure requires that you verify the inventory count at the year end. However, the year end-end was a month ago. This would be your first client and would bring in a fee of $5000. Do you accept the client? If so, under what conditions?

Answer: Yes. But you have to put into your Auditor’s notes in the Audit that the count was done outside of standard procedure, and that the audit reflect inventory as of Date XX/XX/XXXX, not the fiscal year end.

Audit finds deficiencies in city controls

STAMFORD — Auditors have identified seven “significant” deficiencies in financial controls in the city’s year-end audit, according to a draft report of the document.

Ron Paul: The Big Guns Have Lined Up Against HR 1207 (House Floor 7/30/09)

Question: I need some help?????

My 5 yr old daughter is a victim of identity theft. I found out from Social Services that someone was using my daughters SS# for employment purposes. They have the name of the person and the employers info, but that info can’t be provided to me because it violates privacy laws ( who are they protecting???). Anyways, I been given all these numbers to call and all im getting is the run around…..i tried 877-idtheft and all they did was document the info. i have requested wages summary for SSA and EDD. I tried calling the IRS but i cant find a number….the website tells me to fill out a 3949a form…..i cant go to the police unless i have documentation.( i guess i have to wait for the SSA & EDD summaries) Im just lost and frustrated any tips anyone??????

Answer: As strange as this sounds, let it run it’s course. When you get all the paperwork, then handle it. In the meantime, your 5 year old daughter is earning points toward her social security.

OUR OPINION: Beware of scams aimed at tax refunds

ID theft complaints tend to wax and wane as the authorities crack down on one sort of fraud, and it takes the crooks awhile to settle on another.

Michael Nutter’s Seth Williams Non Response Philadelphia Corruption Sparks $1 Billion Class Action

Did You Know 4.0

Searches target alleged trafficking

A total of 26 criminal search warrants were executed Monday at medical marijuana operations across Montana — including raids in Columbia Falls, Whitefish, Kalispell and Olney — along with warrants aim

Feds issue arrest warrant for NH Free Press publisher

Question: Does anyone know if the IRS can dig up my past 2008 Federal Income tax 1040 and send to me?

Somehow I either misplaced it or it wasn’t placed in the packet when AARP tax-aide helped me last tax year. Is it possible that IRS can find a copy of this and fax it to me? I need this form in order to be approved for financing for a homeloan. Urgent message……………thanks

Answer: Yes, use form 4506 for a copy, 4506-T for a free transcript. If you need it fast, go to an IRS service center with proper ID and you should be able to get a transcript from them.

This Week in Credit Card News: Reward Offers, More Fees and Bouncing Debit Cards

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Printable Income Tax Forms