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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Certain factors, such as high claim amounts or inconsistencies in reported data, may trigger an audit. ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

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Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

KPMG has been blocked from winning new audit contracts in Abu Dhabi after regulators removed the Big Four firm from the list of accountants authorised to sign off companies’ financial statements. Dallas Attorney and Members of Accounting Firm Charged with Promoting Illegal Tax Shelter [ Department of Justice ].

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Some are appointing “ESG controllers” with accounting backgrounds to impose the kinds of internal systems used to produce financial statements. Billion Green Tax Fraud Case [ Bloomberg ] A New Jersey accountant pleaded guilty to participating in a scheme to sell $1.3 NJ Accountant Pleads Guilty in $1.3

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2022 Year-End Tax Planning Checklist

Withum

For example, common states where people move to reduce state taxes are Florida, Texas, Wyoming, and Nevada. The corporate tax rate is currently a flat 21% rate. Other cost segregation services include: Look-back studies to recapture depreciation deductions from prior tax years without amending your tax return.

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Whitley Penn Finds Out New Yorkers Do Not F Around

Going Concern

After a frantic search, the Trump Organization settled on the firm of Whitley Penn, LLP (“Whitley Penn”) based out of Fort Worth, Texas to perform audit services, compilation services and tax preparation services, including the preparation of an SOFC for the year 2021. Let’s see what her beef is.

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Friday Footnotes: Working 100 Hours a Week (For Real); 99% of Firms Short on Staff; The EY Power Struggle | 8.4.23

Going Concern

Cummins has been with the firm for about 20 years and has deep local ties as a Texas native and graduate of the University of Texas at Austin. While the US Securities and Exchange Commission doesn’t technically approve SPAC deals, it requires audited, accurate financial statements to declare such tie-ups effective.

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Friday Footnotes: Staffing Disasters; Let’s Rag on EY; A Warning For Tax Practitioners | 4.14.23

Going Concern

Tax season is particularly appealing to threat actors because not only are people busy and under stress, but it is intrinsically tied to financial information. … The second case came from Michelle Cochran, an accountant from Texas, who joined a small accounting firm that performed auditing work for companies in 2017.

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