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Accounting Articles > General Accounting:
Auditing and amending your tax return
Once the audit of your tax return has been completed, you will receive a list of changes from the Internal Revenue Service or the Illinois Department of Revenue Auditor. The letter will also say whether the auditor would like your return to be amended or not. Most instances do not require a full amendment.
But if there are substantial changes to a balance sheet, many times an amendment is warranted. In order to stay in compliance, you must either accept the changes and follow the directions of the auditor, or take the examination into the reconsideration or appeals process.
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Accounting Articles
- Auto Body and Repair (12)
- Income tax audits in the auto repair industry of Chicagoland
- Income tax audits in the auto body industry of Chicagoland
- Sales tax audits in the auto repair industry of Chicago
- Sales tax audits in the auto body repair industry of Chicago
- The offer and compromise system and the auto repair industry
- The offer and compromise system and the auto body shop industry
- Handling penalties and interest in the auto repair industry
- Handling penalties and interest in the auto body shop industry
- Unfiled income tax returns and compliance issues in the auto repair industry
- Unfiled income tax returns and compliance issues in the auto body shop industry industry
- Unfiled and unpaid sales taxes in the auto repair industry
- Unfiled and unpaid sales taxes in the body shop industry
- Business Consulting (1)
- Business Continuation Planning (3)
- Daycare and Nursery Schools (4)
- Income tax audits in the daycare / nursery school industry of Chicagoland
- The offer and compromise system and the daycare center and nursery school industry
- Handling penalties and interest in the daycare center / nursery school industry
- Unfiled income tax returns and compliance issues in the daycare center and nursery school industry
- E-commerce and Internet Retailers (8)
- My website is losing money. Do you have an e-commerce solution?
- Accounting for an e-commerce based business
- Income tax audits in the e-commerce / internet retailer industry of Chicagoland
- Sales tax audits in the e-commerce and internet retailer industry of Chicago
- The offer and compromise system and the e-commerce / internet retailer industry
- Handling penalties and interest in the e-commerce and internet retailing industry
- Unfiled income tax returns and compliance issues in the e-commerce and internet retailer industry
- Unfiled and unpaid sales taxes in the e-commerce and internet retailer industry
- Estate Planning (5)
- Ethics (6)
- Ethical responsibilities and duties of accountants and CPAs to the public interest
- Ethical responsibilities of CPAs and tax accountants to the client
- Discipline versus tax evasion and tax evasion delusions
- Overly-aggressive deductions can red-flag you and lead to fraud detection
- Seeking revenge on an ex with an IRS audit
- Tax fraud and commingling of funds
- Federal Income Tax (5)
- Federal Payroll Tax (4)
- Gas and Service Stations (6)
- Income tax audits of the gas and service station industries of Chicagoland
- Sales tax audits in the gas station and service station industry of Chicago
- The offer and compromise system and the gas station and service station industry
- Handling penalties and interest in the gas station and service station industry
- Unfiled income tax returns and compliance issues in the gas station and service station industry
- Unfiled and unpaid sales taxes in the gas station and service station industry
- General Accounting (9)
- Why are the dates on financial statements important?
- Auditing and amending your tax return
- Minority accounting firms in Chicago
- Accounting revenue cycle strengths and weaknesses
- Computer-based accounting
- Financial statements for a durable goods company
- Cost accounting basics
- Cost accounting in Chicago
- Finding an accounting service or CPA in Chicago
- Grocery and Convenience Stores (6)
- Income tax audits in the grocery and convenience store industry of Chicagoland
- Sales tax audits in the grocery and convenience store industry of Chicago
- The offer and compromise system and the grocery and convenience store industry
- Handling penalties and interest in the grocery and convenience store industry
- Unfiled income tax returns and compliance issues in the grocery store and convenience store industry
- Unfiled and unpaid sales taxes in the grocery and convenience store industry
- Illinois Department of Revenue (3)
- Illinois Sales and Use Tax Audit (9)
- Illinois Unemployment (4)
- Import / Export Industry (6)
- Income tax audits in the importing / exporting industry of Chicagoland
- Sales tax audits in the import / export industry of Chicago
- The offer and compromise system and the import / export industry
- Handling penalties and interest in the import / export industry
- Unfiled income tax returns and compliance issues in the import / export industry
- Unfiled and unpaid sales taxes in the import / export industry
- IRS Audit (11)
- How did I get selected?
- What is the audit process like?
- What is an audit?
- What if I don't have all of my source documents?
- An IRS agent?s routine audit questions about your business
- An IRS audit on a business? losses
- IRS audit adjustment
- Who should attend an IRS audit?
- How far back in time can the IRS audit?
- Can the IRS audit me two times in two years?
- IRS audit payments / Help with IRS and back taxes in Chicago
- Landlords and Developers (4)
- Lawyers, Legal Practices, and Law Offices (4)
- Income tax audits in the legal industry of Chicagoland
- The offer and compromise system and lawyers, legal practices and law offices
- Handling penalties and interest for lawyers, legal practices and law offices
- Unfiled income tax returns and compliance issues in accounting for lawyers, legal practices, and law firms
- Liquor Store and Distribution (6)
- Income tax audits in the liquor store / liquor distribution industry of Chicago
- Sales tax audits in the liquor store / liquor distribution industry of Chicago
- The offer and compromise system and the liquor store / liquor distribution industry
- Handling penalties and interest in the liquor store / liquor distribution industry
- Unfiled income tax returns and compliance issues in the liquor store and liquor distribution industry
- Unfiled and unpaid sales taxes in the liquor store and liquor distribution industry
- LLCs, LLPs, and Partnerships (3)
- Manufacturers and Manufacturing (4)
- Medical Accounting (5)
- Non-Filers (4)
- Payroll Tax Problems (2)
- Pharmacies and Drug Stores (6)
- Income tax audits in the pharmacy and drug store industry of Chicagoland
- Sales tax audits in the pharmacy and drug store industry of Chicago
- The offer and compromise system and the pharmacy and drug store industry
- Handling penalties and interest in the pharmacy and drug store industry
- Unfiled income tax returns and compliance issues in the pharmacy and drug store industry
- Unfiled and unpaid sales taxes in the pharmacy and drug store industry
- Quickbooks Consulting (2)
- Real Estate Management (4)
- Income tax audits in the real estate management industry of Chicagoland
- The offer and compromise system and the real estate management industry
- Handling penalties and interest in the real estate management industry
- Unfiled income tax returns and compliance issues in the real estate management industry
- Real Estate Taxation (2)
- Recessions (1)
- Record Keeping / Bookkeeping (5)
- Recycling Industry (4)
- Repair Service Industry (4)
- Retail Stores (6)
- Income tax audits in the retail store industry of Chicago
- Sales tax audits in the retail store industry of Chicago
- The offer and compromise system and the retail industry
- Handling penalties and interest in the retail store industry
- Unfiled income tax returns and compliance issues in the retail industry
- Unfiled and unpaid sales taxes in the retail industry
- Small Businesses (6)
- Sales tax audits of small businesses in Chicagoland
- The offer and compromise system and small businesses
- Handling penalties and interest in small businesses
- Unfiled income tax returns and compliance issues in the small business sector
- Unfiled and unpaid sales taxes in small business
- Income tax audits of small businesses in Chicagoland
- Tax Planning (5)
- Transportation, Trucking, and Delivery Services (4)
- Income tax audits in the transportation industry of Chicagoland
- The offer and compromise system and the transportation, trucking and delivery service industries
- Handling penalties and interest in the transportation, trucking, and delivery service industries
- Unfiled income tax returns and compliance issues in the transportation, trucking, and delivery service industries
- Trusts (3)
- Used Car Dealership and Financing (5)
- Income tax audits in the used car dealership and financing industry of Chicagoland
- Sales tax audits in the used car industry of Chicago
- The offer and compromise system and the used car dealership and financing industry
- Handling penalties and interest in the used car dealership and financing industry
- Unfiled income tax returns and compliance issues in the used car dealership and financing industry
- Wholesale / Distribution Industry (6)
- Income tax audits in the wholesale / distribution industry of Chicagoland
- Sales tax audits in the wholesale / distribution industry of Chicago
- The offer and compromise system and the wholesale / distribution industry
- Handling penalties and interest in the wholesale / distribution industry
- Unfiled income tax returns and compliance issues in the wholesale / distribution industry
- Unfiled and unpaid sales taxes in the wholesale / distribution industry
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