4.
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"15 Facts About the IRS You Don't Know"
Today's SOHO Help Desk is from a long time contributor to
DEMC E-Magazine, Sandy Botkin. Sandy was a former trainer
of IRS attorneys and currently he lectures nationally to
self-employed people and companies on tax issues.
If you have a valuable tip, promotional idea, question or
answers you would like included in an upcoming issue of DEMC,
all you have to do is submit it by email to -
mailto:helpdesk@demc2.com
=== 15 Facts About the IRS You Don't Know ===
From: Sandy Botkin
1) Your return is scanned and checked for math errors at
the local service centers. After that it is sent to the
Martinsburg, West Virginia center where it will be given a
score using a computer program known as the
Discriminant Function Systems (DIF). The higher the
score, the better the chance that it will be examined
immediately for problems.
2) IRS pays a 10% commission for people to rat on others.
3) IRS audits approximately 68% of all final returns.
4) IRS Special Agents are promoted based on indictments.
5) There's no privilege protecting your communications
with your accountant.
6) IRS manual states that, "Hasty agreement to adjustments
and undue concern about immediate closing of the case
may indicate that more thorough examination is needed."
7) Make sure your return look professional and complete
so that it won't stand out for any reason.
8) People who do their own taxes increase their chances of
an audit because the IRS perceives that they don't know as
much as an accountant.
9) Have a Certified Public Accountant, an Enrolled Agent,
or an attorney to prepare or review the returns because this
will help minimize your chances of an audit.
10) Yes, it's true. IRS does want you to be intimated.
11) The taxpayer service representatives answered six out
of 27 yes/no IRS quëstions correctly in a survey taken by
me several years. They are not to be trusted.
12) IRS is not bound by the answers provided by their
taxpayer service reps.
13) IRS tax auditors are generally told what to audit, how
to audit, and almost what to think.
14) Both revenue agents and tax auditors get promoted
based on the number of cases closed and not on the monëy
collected.
15) Only about 1% of the national revenue is obtained
through audits. 99% of the revenue is obtained through
"voluntary" compliance from people who have not been
audited.
###
Sandy Botkin is both a CPA and Lawyer and president of
the Tax Reduction Institute. He is also the author of his
well regarded tax book, "Lower Your Taxes: BIG TIME"
and his "Tax Strategies for Business Professionals " course
as well as his tax diary. For more information on Sandy or
his products, go to http://www.taxreductioninstitute.com
===
If you have a valuable tip, promotional idea, question
or answer you would like included in an upcoming issue
of DEMC, all you have to do is submit it by email to -
mailto:helpdesk@demc2.com
Be sure to include your SIG and contact URL with your
post as we'll be sharing any viable ideas/information
in an upcoming issue of DEMC E-Magazine.
======================
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