Atlanta/Gwinnett/Fulton CPA Addressing Tax Issues Successful Tax Representation for Atlanta Taxpayers for Decades… The IRS/Tax Representation Series
Atlanta/Gwinnett/Fulton CPA Addressing Tax Issues Successful Tax Representation for Atlanta Taxpayers for Decades… The IRS/Tax Representation Series
This is the Fourth article of the IRS & Tax Representation Series. Always be sure to tell the truth in all tax matters, audits and Offer in Compromise.
Frequently I get questions that lead to some interesting conversations ranging from tax law to our faith and beliefs as Believers. Keeping Christianity Simple is what I believe Jesus came to teach and to share his message of love. But love, like all things of value can only be based upon the purity of truth. Recently I received this inquiry for a taxpayer who was undergoing an audit:
I have a small business sole proprietorship and am being compliance audited on IRS Form Schedule C expenses. In preparing for the audit, I have discovered some mistakes I made when preparing my return in 2008 (double counting some expenses) and have lost some travel records for some trips I expensed. Should I mention this to the auditor or not?
A fellow Christian wants to know. Thanks!
For whether you in the middle of an audit, submitting an Offer in Compromise, addressing back taxes or unfiled tax returns, putting your best foot forward requires one to deal in truth and truth alone. Though all taxpayers should aggressively work to get ever legal tax deduction they are allowed, they should always be grounded and interpreted under laws and statutes of tax code. You should absolutely mention this to the IRS agent and to ensure that this error is corrected and appropriate restitution is paid. To this end, I drafted the below in regards to the inquiry received:
I would suggest always telling the truth. I also recommend you retain a CPA to help handle the audit as well as looking to incorporate your S Corporation for both tax savings and legal liability limitation. I will send you some information under separate cover.
Hope to meet you soon.
In Him, John Dillard CPA, 770 814 9304
Paying Your Taxes – Withholding & Extensions for Metro Atlanta Taxpayers
Paying your taxes made easy. This section will enable you to quickly grasp the general guidelines of tax law requiring that you pay taxes as you earn money. As well, extensions and their uses and limitations are disclosed and discovered. Visit http://www.hiscpa.com/paying-taxes.html
How to Avoid an IRS Audit for Atlanta Taxpayers
Discover simple steps that you can do to help prevent an IRS audit. Though the tax code is at times very difficult to understand and comply, these basic simple steps will help you avoid an IRS audit. See http://www.hiscpa.com/avoiding-audits.html
Solving IRS Tax Problems: Submitting an Georgia Offer in Compromise
When all else fails and if you qualify, the IRS and Georgia both have a program which will enable you to work to solve the severest tax problems. Visit http://www.hiscpa.com/offer-in-compromise.html
Utilizing IRS Installment Plans for Metro Atlanta Taxpayers to Pay Your Past Due Taxes
The IRS has long been in the business of helping taxpayers get back into the system to ensure that taxpayers are able to pay their taxes over time. For those who do not qualify for an Offer in Compromise or to pay the taxes and interest in full, while seeking penalty abatement, an Installment Plan is a prudent and wise choice and alternative to get your past taxes due paid and current. See http://www.hiscpa.com/installment-plans.html
A Christian CPA Firm: Never Underestimate the Long Term Benefits
To learn more about tax entities and the taxation thereof visit http://www.hiscpa.com/article2.html There you will also discover a wide host of resources for Atlanta Entrepreneurs.
John Dillard is an Christian Speaker/Author and an Atlanta CPA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11′s: Job’s Journey and a Voice of One: Nehemiah’s Prayer or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!
We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Bookkeeping.