Dec 14, 2024
12:54:08pm
12:54:08pm
The real question is should he do anything about it. I'd argue that he should let it rest. If audited be forthcoming and
pay the fines/interest then.
I had a deep dive audit. Cost me $20k in accounting fees. We notified the IRS that I mistakenly booked my BYU ticket purchase as 100% deductible when it was only partially deductible.
I owed them less than $1k after it was all done. I think the fees/penalties/interest were less than $200.
I had a deep dive audit. Cost me $20k in accounting fees. We notified the IRS that I mistakenly booked my BYU ticket purchase as 100% deductible when it was only partially deductible.
I owed them less than $1k after it was all done. I think the fees/penalties/interest were less than $200.
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