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Saturday, August 20, 2011 11:59:57 AM
just the thought of a trained IRS field AGENT-- armed to the teeth with DETAILED info on assets belonging to D&D Displays
Go Acc! Then this...
and the FINANCIAL STATEMENT should be REVIEWED THOROUGHLY with the taxpayer to determine if there is a way to reduce expenses in order to make payment on the taxes
Picture if you will the IRS field auditor scrutinizing carefully a financial statement that seems to have a $100K or so hole in it as compared to tax filings and A/P. "Gee!", sez Mr. IRS, "That's a hundred grand more than they stole from us...I wonder where that money ended up? Excuse me, Mr. Brown? Mr. Harrs? I'm going to have to take a look at your personal bank account statements and tax filings for the last three years...". LMAO. IMHO.
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