Oct 16, 2024
9:44:04am
9:44:04am
My experience taught me just to accept
some things and move on. They will win.
They found a discrepancy because my CPA transposed some numbers.
I agreed and paid the $500 dollars plus interest and penalty.
Didn't end there, audited contributions, then interest. Found nothing.
Then expenses. There they decided to disallow some businesses expenses because it was a relative. He/She generated 20 times what I expensed.
I decided to fight it. My CPA said let me meet with them. Knowing you, if you are there it won't go well. After spending 3 times the deduction benefit, my CPA said it will cost you more and more. So I settled. 🫤
They found a discrepancy because my CPA transposed some numbers.
I agreed and paid the $500 dollars plus interest and penalty.
Didn't end there, audited contributions, then interest. Found nothing.
Then expenses. There they decided to disallow some businesses expenses because it was a relative. He/She generated 20 times what I expensed.
I decided to fight it. My CPA said let me meet with them. Knowing you, if you are there it won't go well. After spending 3 times the deduction benefit, my CPA said it will cost you more and more. So I settled. 🫤
Originally posted on Oct 16, 2024 at 9:44:04am
Message modified by BYU71 on Oct 16, 2024 at 9:45:12am
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