DAVID S. BABOIAN, CPA, PC

  • Home
  • Services
    • What we do
    • Are we right for you?
    • $99 Jump-start
  • Client zone
    • Individual clients >
      • Identity Theft - IRS Affidavit
      • Personal Financial Statement
    • Business & rental clients >
      • Example expenses
      • Mileage log
      • Petty cash log
      • Sales tax
      • W9 for subcontractor
      • Example Profit & Loss
      • Obamacare Self-employment Ledger
    • Payroll services >
      • Employee paystub portal
      • EMPLOYER set up forms
      • EMPLOYEE set up forms for new hires
    • Web Links
  • About us
    • Contact
    • Our team
    • Dave's resume
    • Dave's bands
    • Haunted Chamber
    • Picture gallery
  • Secure email

3/20/2016

March 20th, 2016

Read Now
 
TAX TIP OF THE DAY...  How to prepare for an IRS audit.

Step 1:  
Don't panic.  You will not be going to jail!  
Step 2:
Never pay an IRS notice without questioning their assertions.  Be skeptical.  Find comfort in knowing that IRS letters are very often wrong.  
Step 3:
Confirm that the IRS sent you the letter (not PA or Local) by reviewing the top of the letter.  IRS audits are much tougher than PA or Local.
Step 4:
Review the letter to determine whether you have been "selected for examination" or just need to respond to the IRS's letter.  A letter response is not really an audit... and if their letter asks for more than $500, hire a professional to help.  
Step 5:
If after the above steps you determine that you are indeed being audited by the IRS and have been asked to schedule an appointment to meet with an IRS auditor...  you should identify your tax return as basic or intermediate or complex.  If your return is basic, do the audit yourself.  Otherwise you should hire a professional to help prepare for the audit, point out your vulnerable issues and to go to the audit WITHOUT YOU.  That's right, an IRS audit is like a funeral...  you don't have to go to your own.

SHARE WITH A FRIEND.
If you need help... www.baboiancpa.com

Share


Comments are closed.
Details

    Author

    David S. Baboian, CPA

    Archives

    February 2018
    January 2018
    December 2017
    October 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • Services
    • What we do
    • Are we right for you?
    • $99 Jump-start
  • Client zone
    • Individual clients >
      • Identity Theft - IRS Affidavit
      • Personal Financial Statement
    • Business & rental clients >
      • Example expenses
      • Mileage log
      • Petty cash log
      • Sales tax
      • W9 for subcontractor
      • Example Profit & Loss
      • Obamacare Self-employment Ledger
    • Payroll services >
      • Employee paystub portal
      • EMPLOYER set up forms
      • EMPLOYEE set up forms for new hires
    • Web Links
  • About us
    • Contact
    • Our team
    • Dave's resume
    • Dave's bands
    • Haunted Chamber
    • Picture gallery
  • Secure email