-
-
That's very true. The IRS isn't going to audit everyone who fudges on their tax returns. There are certain red flags that can trigger an audit. The repercussions of doing something like in the OP also can depend on the auditor.
-
As a CPA, I've seen some IRS auditors that just disallow the expense, assess the tax and penalties, and move on. However, I've come across one auditor that went after everyone connected to the company under audit, as well as went back years on that company. So it just depends.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.