3 ms·
Too bad I wasn't your client, you'd have experienced one. :) I owned a business that was randomly selected for an NRP audit a few years back. Spent 35 grand on
by schmookeeg 8y ago
Too bad I wasn't your client, you'd have experienced one. :)
I owned a business that was randomly selected for an NRP audit a few years back. Spent 35 grand on CPAs and defense. After 4 months of an "up to the elbow" exam of our books, received this from the IRS:
"After our audit, we are making the following changes to your return:
"
...that was it. Nothing. No changes. Not even embarrassment or "lol just doing my job, them's the breaks kid" attitude. A total goat rodeo, the entire process. Imagine having to justify every cent on the books in OR out -- for a $2MM revenue business -- 3 years after the return was filed. Seriously impossible. Worse, just before the above letter, we were offered a settlement offer from the IRS for $20K -- to make them just go away. We declined.