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Friday Footnotes: Anyone Wanna Work in Hollywood?; Profit-Hungry CEOs Love Gen AI; KPMG’s SF Future | 1.19.24

Going Concern

Hollywood Oh boy, it turns out that there's a shortage of production accountants in the entertainment industry, which means that there's a great opportunity for people who love crunching numbers and are willing to sell their souls to Hollywood for a paycheck. Arizona Auditors Found $1.8 million from an education program.

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Are Gifts to customers and business associates deductible expenses?

Ronika Khanna CPA,CA

Gifts that are specifically for meals or entertainment such as a gift certificates to a restaurant or tickets to a sporting event, even if you don’t accompany the client, are only 50% deductible and should be reflected as meals and entertainment in your accounting.

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Benefits: Expert Guidance: Professionals handle all communication with the tax authorities, reducing the stress of direct dealings. Better Outcomes: Experienced representatives can negotiate more effectively and understand what the auditors are looking for. What Should I Do About Unpaid Back Taxes in Corona, CA?

Tax 130
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What happens if you get audited and don’t have receipts?

xendoo

The worst-case scenario is that the IRS may remove some business tax credits and deductions you claim. Audits aren’t as big a deal as movies and the media make them out to be, especially if you keep organized business records. From there, you’ll communicate with your auditor and provide the documents they ask for.

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What happens if you get audited and don’t have receipts?

xendoo

The worst-case scenario is that the IRS may remove some business tax credits and deductions you claim. Audits aren’t as big a deal as movies and the media make them out to be, especially if you keep organized business records. From there, you’ll communicate with your auditor and provide the documents they ask for.

audit 52
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IRS Audit Red Flags: How to Avoid Getting Tax Audited by the IRS

Snyder

Read this article before your vivid imagination leaves your head spinning – it’ll help you spot the most common IRS audit red flags and weigh the real chances of being tax audited, as well as provide you with some top tips on what to do if you receive the IRS audit letter. What is a tax audit? What happens after a tax audit?

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