|
IRS AND AUDITING?
if your job was being audited...would you leave them? I don't see being audited a good sign...that means money spent cant be accounted for and the irs finds that odd.
[ ]
Want to answer more questions in the Work & School category?
Maybe give some free advice about: Personal Finance?
I agree with all adviceman said. My ex used to do taxes and a couple of his clients had calls from IRS wanting to meet with them for an audit due to something on the tax form that didn't make sense to them. In this case it had to do with a home business and what was okay to use as tax write off. This is best handled by a persons tax preparer to be the one to explain and show all records to the auditor from IRS. So depending on the situation, there may be nothing wrong at all. So I also suggest asking company officials for the truth. Unless you already know that bosses have admitted money spent that can't be accounted for, then there is likely no issue to worry about.
]
You are making an assumption that may not be true. The term "IRS stands for two different forms of IRS. There is the Federal IRS and the State IRS. Which IRS is auditing your company. Bothe departments routinely do audits and your employer may just be unlucky enough to be picked for a routine audit.
The state IRS does even more Audits of companies that are required to collect and submit sales taxes. A routine audit be the IRS does not always mean you employers company is in trouble. Companies are required to submit certified Audits by accounts every few years as well which sometimes trips an audit.
Most of the time an audit is simply because the IRS and the firm that has prepared the Audit or tax return disagree on some deduction the preparer has taken. Rather than speculate ask your employer especially if you like your job and the company you are working for.
]
More Questions: |