Description
Join us for your comprehensive guide to the procedures and obstacles of IRS audits of cashbased businesses.Tax Audits involving cash intensive businesses requires a determination of whether income is property reported through testing of gross receipts, reconciling income to books, minimum income probes, interviewing the business owner, analyzing bank accounts both personal and business, and using financial status audit techniques. If there is a reasonable indication of unreported income, the IRS can use an indirect method to reconstruct the income. This topic will discuss the approach IRS may use to make determinations regarding income reported in a cash intensive business.
Date: 2019-05-29 Start Time: End Time:
Learning Objectives