The IRS Audit Blog

Posts Tagged ‘web2.0’

NHS reforms live blog: trust me, I’m a doctor

• Poll: do you trust your doctor? • Timeline: NHS reforms • NHS reforms: who are the key players? • NHS reform jargon explained • What are the key issues? 5.30pm: We are wrapping up for the day, but will be back tomorrow with more of the latest news and views on the NHS. Tomorrow you want to have your say? Ask those who have been asked by Lansley to listen in the liveblog. Online for an hour …

YYCCC 2011-03-07 Calgary City Council – Video Archive – March 7, 2011 – Secondary Suites

Question: Will filing an ‘out of business’ form for my small business trigger a tax audit?

I haven’t had any business to report in over a year (I have another full time salaried job) and want to file a going out of business notification to the dept of revenue, but I am afraid that it will increase my chances of being audited, and I have not been fastidious with my bookkeeping in the past few years. I don’t write anything off and have just been reporting ‘zero sales-tax due’, but if i dissolve the company, will this be an audit trigger?
What happens if, in the future, I sell merchandise to friends or family? (my business was jewelry repair.) I still would have my wholesale accounts, so how do I report that? What about sales tax? Also, I think the word ‘jeweler’, as a profession, is a red flag, correct? Will I be more likely to be audited?

Answer: Dear Kat26: I wish all my clients were like you “fastidious”. Bravo! Do not be afraid to report items you have maintained records on and have complied with the law. I believe many people go out of business and never report anything. Remember also this year many business’s will close their doors and will never be seen again.

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provide. Click on my profile to read more.
Errol Quinn Enrolled Agent Master Tax Advisor

Huelskamp constituents want change in DC

U.S. Rep. Tim Huelskamp, R-Fowler, doesn’t plan to start impeachment proceedings against President B …

House Session 2011-02-18 (18:02:48-19:03:56)

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

APNewsBreak: Audit finds confidential data on NJ state computers sent to auction

TRENTON, N.J. – Taxpayers’ Social Security numbers, confidential child abuse reports and personnel reviews of New Jersey workers nearly went to the highest bidder after the state sent surplus computers out for auction.

Personal Financial Planning Tips : How to Avoid an IRS Income Tax Audit

Nashville’s lack of adequate low-income housing leaves working poor with no permanent place

Investors shun tax credits, causing a drop in development More

Police Re-Investigate Al Gore’s Sexual Assault Case