What is the Centralized Audit System Regime (CPAR)?Partnership returns, unless you are eligible to opt-out and do so, will automatically be subject to the "streamlined method"...
Posted by UP YOUR ASSETS INC on 10/01/2019
If you have filed a partnership tax return, for any tax year that began after December 31, 2017, you can expect a federal audit of your return that will be completely different from...
Posted by The TaxAdvocate Group, LLC on 09/30/2019
Centralized Partnership Audit Regime sounds dismal Partnership returns have another election to factor in this year — question 25 on Page 3 of Form 1065. Is the...
Posted by Flynn Financial Group Inc on 09/25/2019
Type II SOC commitment (for both SOC 1 audits and SOC 2 audits) require to follow up and testing of the controls established at the service institution to have the option to opine...
Posted by Valderas Financial Solutions LLC on 07/26/2019
Business losses reduce taxable income and many good freelance businesses incur losses which is somewhat a good thing since it means you pay less in taxes. A business loss could mean...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/26/2019
Somewhat more than one million taxpayers confronted an Internal Revenue Service (IRS) audit of their tax return in 2017, yet that represented under 1%of all profits. If you do...
Posted by Larry Kenneth Hurt on 05/29/2019
The Internal Revenue Service, for the most part, educates taxpayers to hold duplicates concerning all tax returns and any applicable supporting documentation for at any rate the past...
Posted by Advantage Tax Services, Inc. on 05/24/2019
Are you among the 6 million taxpayers whose tax return got questioned by the IRS? This happens every year and these taxpayers are either audited or were sent a verification notice...
Posted by BRIAN PRZYSTUP & ASSOCIATES LLC on 05/24/2019
Though you may keep accurate financial records nevertheless, getting an IRS tax audit is scary- but if you didn't put in place your receipts, it certainly could be wrecking. Know...
Posted by Roland Zita, CPA on 05/20/2019
