The following examples are factual but the names and companies represented are withheld to protect their privacy.
When the IRS set up their computer system they did their best to make it as accurate as possible. Anyone who knows anything about computers knows that computers are no better than those who are operating them. The IRS personnel are only human and they can not keep their equipment from making mistakes. Consequently, when a company files a perfectly correct 941 and it just so happens to hit the IRS computer system when it is having a bad day, guess what happens? You guessed it, BAD things happen!
Also, when a company owner does not understand all of the deductions and proper methods for declaring the expenses, depreciations, maintenance and the many other options open for managing a company’s profit and loss declarations for the IRS, they leave behind improper and insufficient audit trails. This can cause improper claims for taxes, interest and penalties against the offending company. In order to reverse the IRS claim, the accounts must be completely restructured by competent professionals, who can properly structure The Real Financial Picture so that the focus correctly represents the correct financial picture. These and many other factors are the underlying causes, for the problems that are illustrated in the following examples. |
