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Duration of IRS Audit Process
- November 16, 2017
- Posted by: Smith & Smith
- Category: IRS Audit
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The length differs depending on the various types of audit: Complexity of the issue, accessibility of information requested, availability of both parties for arranging meetings and agreement or disagreement with the findings. An IRS audit is a review of business or individual accounts and financial sequence according to the tax laws, to confirm the reported
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Income for Businesses and Changes in Accounting Methods
- November 15, 2016
- Posted by: Smith & Smith
- Category: IRS Representation
The IRS released modifications to their automatic accounting methods (Rev. Proc. 2016-29) on May 5, 2016. This change allows the List of Automatic Changes permitted to be filed under Rev. Proc. 2015-13, and replaces the Rev. Proc. 2015-14 guidance, which contained the current list of automatic changes. Listing the Major Changes that can Affect Income