IRS Audit Adjustments in Arizona
- Auditors will consider all deposits to your bank account as income. Keep records of gifts from parents, refunds on returned merchandise and other similar transactions to show the auditor why that item was not income.
- The most common audit adjustment comes from mileage claimed on the return. If I ever have a client who is audited on mileage that actually has a mileage log that they kept concurrently, will then be able to say, “I have seen everything, now!” Taking actual expenses may be the best way to go if you want to be able to substantial your automobile expenses.
- Personal use items. This would be like claiming you use your vehicle 98% for business purposes. That means that you almost never shop for food, take a vacation, go to church, visit friends, or go to the movies. Unless you are Howard Hughes, make your % something reasonable. Believe it or not almost all of my clients who have one car, when I ask them what percent they used the vehicle in the business, the first time, will say “100%.” This extends to home office expense as well. One client tried to convince me he lived in his back yard so he could deduct all of his housing expenses on his schedule C. If you have one phone and it is a cell phone, allocate a reasonable amount for personal use.
Errors of the kind mentioned will almost always lead to other years being audited. If have been really out of line you might even get yourself put on the IRS Auditors bulletin board that has this heading—If You Need An Audit To Impress Your Manger Call (your name and phone number)—just kidding, but sometimes it feels that way.
Scott Allen E. A. – Tax Debt Advisors, Inc. helping with IRS Audit Adjustments in Arizona
Common IRS Audit Adjustments in Arizona: IRS help from Tax Debt Advisors, Inc
Apache Junction, Avondale, Bisbee, Buckeye, Bullhead City, Camp Verde, Casa Grande, Catalina, Chandler, Chinle, Chino Valley, Coolidge, Cottonwood, Dewey, Douglas, Eagar, El Mirage, Eloy, Flagstaff, Florence, Fountain Hills, Gilbert, Glendale, Globe, Goodyear, Green Valley, Kingman, Lake Havasu City, Lakeside, Marana, Mesa, Nogales, Oro Valley, Page, Paradise Valley, Payson, Peoria, Phoenix, Pinetop, Prescott, Prescott Valley, Safford, San Luis, Scottsdale, Sedona, Show Low, Sierra Vista, Somerton, Sun City, Sun City West, Sun Lakes, Surprise, Tempe, Thatcher, Tuba City, Tucson, Winslow, Yuma
Apache County, Cochise County, Coconino County, Gila County, Graham County, Greenlee County, La Paz County, Maricopa County, Mohave County, Navajo County, Pima County, Pinal County, Santa Cruz County, Yavapai County, Yuma County