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Slutz in the USA: Ever been Audited? Turntables
Old 17th August 2007
  #1
Gear Maniac
 

Slutz in the USA: Ever been Audited?

Wondering who has come face to face with the IRS man...tell your story

Details would be great (full time, part time, how filed... separate company filing or combined with personal return.....sole prop, LLC, s corp c corp etc)

Any insight into what were the red flags you tripped?

What happened?

Do you know of any great accountants who are experts in the industry and know specialized secrets?

Thanks slutz!
Old 21st August 2007
  #2
Gear Maniac
 

bumpski

boy there must be lots of honest angels here....
Old 21st August 2007
  #3
jdg
Lives for gear
 
jdg's Avatar
audited many moons ago..
no big deal.. just didn't claim all the income correctly (sole prop)
owed extra 1200, made a deal, if i payed them on the spot, it was only 600bux

took 3 days
Old 22nd August 2007
  #4
Lives for gear
 
Rob King's Avatar
I was audited back in 1998 due to my dodgy accountant at the time...They said I owed about $12K, after my new accountant stepped in and we went through everything I cut the IRS a check for around $120 I believe. I do not mess around when it comes to taxes. Stay honest and work hard..my only advice.
Old 22nd August 2007
  #5
Gear Maniac
 

whoa, dude that is quite a settlement.

was it related to expenses or was it related to income reporting?
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