Chicago Accounting Articles
Feb 28, 2013
Updated July 27, 2015 I’m Being Audited And Don’t Have Receipts Chicago Illinois You should have changed accountants a long time ago, because a good accountant never would have allowed this to occur. Proper documentation can be a real...
Feb 28, 2013
Updated July 27, 2015 IRS Audit Process 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 receipts, of which $50,000...
Feb 28, 2013
Updated July 27, 2015 IRS Examination Process Chicago Illinois Although every IRS Audit is a little bit different, they all have common elements. It begins when they send out a letter that basically does six things: Informs you of the examination...
Feb 28, 2013
Updated August 13, 2015 IRS Audit Selection Process Chicago Illinois So your business has been selected for audit by The IRS. What do you do now? Call or e-mail one of our specialists today. Don’t panic. The Service is only doing its...
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...
