Tips For Surviving the Dreaded Eggshell Audit: Part II: A Hypothetical To Drive It All Home
This is a continuation of the blog entitled, “Tips for Surviving the Dreaded Eggshell Audit.” It focuses on spotting and solving some of the issues raised in an eggshell audit. This hypothetical comes from the creative genius of Jack Townsend and his book, “Tax Crimes.” You are the tax preparer for the Cashcows, owners of […]
Should I Stay Or Should I Go? Choosing Between Opting Out And Applying To The Streamlined Program Or Seeking Transitional Treatment
The tax community has been buzzing about an issue that has recently surfaced in the wake of the IRS’s overhaul of OVDP and the streamlined procedures. And that issue pertains to taxpayers who are currently in the OVDP and who want to “jump ship” for greener pastures – namely, the streamlined procedures. The issue is […]