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How IRS Auditors Learn About Your Business Industry

RogerRossmeisl

Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS Audit Techniques Guides (ATGs). Issues unique to certain taxpayers IRS auditors need to examine.

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What's the Difference Between Business Fraud and Negligence?

Summit CPA

The majority of returns with incorrect information are due to mistakes rather that fraud. However, there are common areas that you should be extra cautious so that you can avoid any unnecessary scrutiny of your tax return. All of your business income needs to be reported, regardless of the source.

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Top Remote Accountants of the Week | November 7, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

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IRS Audit Red Flags: How to Avoid Getting Tax Audited by the IRS

Snyder

If you’re a small business owner, however, your chances are a bit higher – about 2.5 percent of small businesses are getting tax audited. What’s interesting is that the less income you have, the higher the chance of a tax audit. Meeting a tax auditor is as frightening as meeting a ghost.

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Why Your Accounting/ERP System Is the Key To Successful Business Tax Preparation 

Withum

Inter-company and Transfer Pricing Transactions ; distinguishing entries between related entities or groups for proper reporting on consolidated tax returns. Increase data access, transparency, and internal visibility , especially with sales tax audits by providing physical location record information with audit trails.

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Top Remote Accountants of the Week | January 30, 2025

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

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Top Remote Accountants of the Week | January 17, 2025

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.