Quote:
Originally Posted by 3xTom
Our full on company Audit just started this morning and I was
just wondering if anyone else has went thru this and what was your outcome?
|
My main internet company was audited. I let my accountant deal with everything. Its not a fast process. After going over our books there were only a couple things (small amount of money they were questioning) then Katrina hit and they dropped it and said everything was fine. So I passed without owing anything.
It sucks paying taxes but when you get caught it sucks 100x worst. I always claim all my income but when it comes to deductions I streach it to the extreme that is legal.
I suspect there is a lot of people on here that have shitty accounting records, probably don't report income and don't keep track of expenses. They going to be screwed one day. Although, it's the people who don't follow the rules that seems to always get away with it, so I guess you never know. It pisses me off when you hear about people who owe tons of money and they get a "deal" and only have to pay 10%. Can I get 90% of what I paid back too??? My luck though, if I cheated and got caught they wouldn't cut me a deal lol.