Tuesday, April 03, 2007

Don't Be Dumb - Don't let the IRS audit you and have NO Minutes Written for your REI LLC

Looks like the days of the kinder, gentler IRS are definitely gone.

Mark Everson has been the commissioner for almost 4 years now. One of the things he promised when he took the job was that he was going to get tough.

And, boy, he has. I did a search on "tougher IRS audits" and was astounded by all the press releases that listed all the places that the IRS demonstrated that they were getting tough:

  • car dealers,
  • manufacturers,
  • real estate professionals,
  • anyone with international transactions,
  • anyone reporting on a cash basis
  • - the list goes on and on.
It's likely that the call for more IRS audit staff (so they can audit even more people) is going to be successful as well. That's because the IRS has proven that their aggressive tactics at collecting money is working.

Now, here's the big question for you:

Are you ready for that IRS audit
that may be coming your way?

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