Chicago Accounting Articles

IRS Audit Business Loss Chicago Illinois

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 … Continue reading

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IRS Audit Adjustment Chicago Illinois

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 … Continue reading

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Who Should Attend IRS Audit Chicago Illinois

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 … Continue reading

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IRS Back Taxes Help Chicago Illinois

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 … Continue reading

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IRS Service Locations and Addresses in Chicago Illinois

Updated July 27, 2015 IRS Service Locations and Addresses in Chicago Illinois These offices in Northern Illinois are primarily walk-in sites in addition to places where audits and collections are performed. These offices are not service centers where you would … Continue reading

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I’m Being Audited And Don’t Have Receipts Chicago Illinois

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 … Continue reading

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IRS Audit Process Chicago Illinois

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 … Continue reading

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IRS Examination Process Chicago Illinois

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 … Continue reading

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IRS Audit Selection Process Chicago Illinois

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. … Continue reading

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What is a Sales Tax Audit Chicago Illinois

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: … Continue reading

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