"You Can Survive An Internal Revenue Service Tax Audit Without Being Taken To The Cleaners!"
Uncle Sam's Tax Audit Assistant created specifically for the Launderette Industry was written with the assumption that there is a reasonable indication of unreported income. Hmmm, that's interesting...Why would be the Internal Revenue Service write a training instructions for their auditors based upon the assumption that you have unreported income?
Perhaps it is based on your answers to the following questions:
- Do your returns include an attendant?
- Do your machines have automatic water level adjustors?
- Do you repair your machines yourself?
- Do you offer wash & fold service?
- Do you offer pay telephones, soap, video games, soda and snack machines?
- Do you have first-hand cognition of launderette operations?
- Do you document each flooding incident consequent from a amiss machine?
If you don't understand how the answers to these questions can affect your outcome in an audit situation, you need to educate yourself NOW!
The IRS is prepared to issue summons for the following: Water records, bank statements, payer records and payer responses as well as contact with third-party providers.
TABLE OF CONTENTS
- Will Not Collaborate 8
- Which Could Affect the
- What To Do If The Payer
- Water Consumption Analysis 3
- Visiting the Launderette 6
- Visiting the Launderette 6
- Taxpayer Statements
- Taxpayer Arguments Concerning
- Prior Judicial proceeding 9
- Pre-audit 1
- Initial Interview 1
- Dryer Financial gain 7
- Determining Standards 3
- Data Needful for a Consumption Analysis 3
- Customer Use Percentages and
- Customer Use Percentages 6
- Consumption Analysis 5
- Cash Flow and Books of a Launderette 2
- Case Development and
- Case Closing Checklist 8
- Calculation of Water Waste and
