Chicago Accounting Articles
Feb 28, 2013
Updated August 13, 2015 What is a Sales Tax Audit Chicago Illinois By definition, an Audit is an examination of claims. The numbers that are put on the ST-1 or Sales and Use Return are claims. Example: We claim that we had $100,000 in...
Feb 28, 2013
Updated July 27, 2015 IRS Audit Business Loss Chicago Illinois An IRS audit on a business’losses If you are being audited on a business that produces consistent loses, you might be asking “Why would the IRS do such a silly...
Feb 28, 2013
Updated July 27, 2015 IRS Audit Adjustment Chicago Illinois At the end of an Internal Revenue Service Audit, one would hope for what is called a “No Change” letter. This basically means that they haven’t found any material changes which...
Feb 28, 2013
Updated July 27, 2015 Who Should Attend IRS Audit Chicago Illinois This depends on the type of audit, but generally we try to keep our clients away from the auditors. In many instances, the auditor will need to tour the business being audited and...
Feb 28, 2013
Updated July 27, 2015 IRS Back Taxes Help Chicago Illinois If you have been through an IRS Audit and now owe additional taxes, interest, and penalties, or if you just have back taxes to pay, there are several options to consider. If you do not...
