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IRS audit questions / business descriptions in an IRS audit

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Most IRS Audits begin with a series of routine questions.

These questions are designed to give the agent a basis for the conversation in the first place:

  • If they don't know what business you are in, then how can they possibly know what type of expenses are ordinary and necessary to the production of your product or service?
  • If they don't know how many people work for you, then how can they justify a payroll tax expense?
  • If they don't know that you have an office outside of your home, how can they justify a rent?

One of the biggest mistakes that you can make is going into an audit without representation. You simply lack the knowledge and professional experience necessary to ensure a fair outcome. Call one of our specialists today at (773) 267-7500. The Standard Accounting Packages section of our website may have what you need. We will provide a second opinion on your audit for as little as $500 or represent you starting at $1,500. As highly recommended CPA's and Enrolled Agents, we have the experience and knowledge necessary to get the proper results. Call or e-mail our offices today.

By Chris Amundson - President - Accounting Solutions Ltd.

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