IRS Fast Tracks Audits for Small Businesses, Self-Employed

Posted by airabongco under Taxes
From http://smallbiztrends.com 3802 days ago
Made Hot by: robinandy58 on November 27, 2013 1:11 pm

The IRS is doing a good deed by creating a safety net for audit disputes. This can really help a lot of small businesses and self employed professionals.

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Comments

Written by Steven J Fromm, JD, LLM (Tax)
3783 days ago

Nerissa, it is my pleasure and I am here to help out and provide information and insights to my buddies here at BizSugar. Best to you!

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Written by Steven J Fromm, JD, LLM (Tax)
3796 days ago

Very nice post with some great information. As a tax attorney for 35 years, my experience is that these things always sound great, but the reality is often different. A few years ago, the IRS changed their Offer in Compromise (OICs) procedures to make them more user friendly and there was a lot of press on this. But the reality is that OICs are almost impossible to get; people need to be basically in poverty and have a rich relative to save the day. So this type of announcement should be taken with a grain (or pound) of salt.

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