Archive for the ‘audits’ Category
Posted by taxguru on January 21, 2008
IRS Audits of Millionaires on the Rise – Nothing really new here. IRS has always put more audit focus on the higher income tax returns. This is just another example of how using a C corp to smooth out income and keep the 1040 income from being too high can reduce the audit potential.
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Appropriate attire for an IRS audit?
Posted by taxguru on October 4, 2007
From FunnyBone:
A Visit To The IRS
A man, called to testify at the IRS, asked his accountant for advice on what to wear. “Wear your shabbiest clothing. Let him think you are a pauper.”
Then he asked his lawyer the same question, but got the opposite advice. “Do not let them intimidate you. Wear your most elegant suit and tie.”
Confused, the man went to his rabbi, told him of the conflicting advice, and requested some resolution of the dilemma.
“Let me tell you a story,” replied the rabbi. “A woman, about to be married, asked her mother what to wear on her wedding night. ‘Wear a heavy, long, flannel nightgown that goes right up to your neck.’
But when she asked her best friend, she got conflicting advice. ‘Wear your most sexy negligee, with a V neck right down to your navel. The man protested: “What does all this have to do with my problem with the IRS?”
“No matter what you wear, you are going to get screwed.”
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If Robin Hood were audited…
Posted by taxguru on September 30, 2007
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Some audits are more probing than others…
Posted by taxguru on September 30, 2007
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How to spoil an auditor’s day…
Posted by taxguru on August 10, 2007
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Tax Guru - Ker$tetter Letter 