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Cautious On Tax Returns

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    #16
    I agree with the above posts. Its crazy sometimes what all people tell me. Some refer to me as the psychiatrist as I am a "good listner".

    Erch I like what you said about telling them upfront. I think that is great position to have and I will start letting all my clients know.

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      #17
      Asking about this is key

      It is one of the first things an auditor looks at if the file crosses the desk, and one of the ratios that the computer systems are programmed to look at when flagging for audit. Beware the dreaded indirect (or lifestyle) audit. If they spent more in deductibles than had income, and can't give you a coherant explaination as to how, they're up a creek if they get asked by an auditor.

      We tend to undervalue our "gut feelings".

      ATG
      "Congress has spoken to this issue through its audible silence."
      Anyone ever notice they beat the daylights out of the definition of a child, but they don't spend much time at all defining "parent"?

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      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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