In 2011, the IRS sent 4.7 million CP2000 notices to address perceived underreported income. Even though these are among the most common IRS notices, many individuals – and even many tax professionals – don’t respond to them in an ideal manner. Read, “It’s CP2000 Season” to learn about best practices for addressing a CP2000 notice.
This article addresses the concerns of tax professionals and their clients when the IRS requests QuickBooks backup files as part of an audit. Read “IRS – Getting More Serious About Using QuickBooks Files in Small Business Audits.”