Category : Falcon Approved

Atkinson CPA: What to do if the IRS audits you

IRS data indicates that fewer than 1% of all individual income tax returns are audited each year. That’s true, but some taxpayers are more vulnerable than others. For starters, the IRS is more likely to audit taxpayers who report high incomes because that’s where larger amounts of underpaid taxes might be found.

In addition, certain taxpayers face more scrutiny because of how they earn their living. Self-employed individuals generally, those who file Schedule C, Profit or Loss From a Business—may be audited more than other taxpayers. The same is true for professionals and business owners, who could see their business as well as their individual tax returns examined. The bottom line is that taxpayers with relatively high incomes as well as those who have control over their workplace bookkeeping can expect to face IRS queries at some point.

Do you know what to do if you get in a wreck?

Here’s an article from Jay Walton Automotive that will help you sort out what to do if you get in an accident.

“What do I do after an accident? If you’ve been in an car wreck, the first thing you need to do is make sure you, your passengers and anyone else involved is safe and not in immediate danger from on coming traffic. If you or someone else is injured call 911 ImmediatelyStay Calm, assess your situation.” more

Finding an Auto Body Shop after an Accident