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re: Fattened IRS not targeting high-income returns as Biden promised

Posted on 9/8/23 at 1:31 pm to tango029
Posted by SippyCup
Gulf Coast
Member since Sep 2008
6950 posts
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Posted on 9/8/23 at 1:31 pm to tango029
quote:
My feeling is I don't really care. If anyone is dodging their taxes, that just means I am having to pay more.


I win 90% of the audits my clients get hit with. The other 10% is just paid because the amount they are looking for isn't worth the cost to fight it.

They are not going after tax cheats. They are targeting middle to upper-middle class small business owners.

Ask yourself why.
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Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
137214 posts
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Posted on 9/8/23 at 3:26 pm to SippyCup
quote:
They are not going after tax cheats. They are targeting middle to upper-middle class small business owners.
Bingo!
quote:
I win 90% of the audits my clients get hit with. The other 10% is just paid because the amount they are looking for isn't worth the cost to fight it.
So the salient question is, what are the accounting service costs for those 90%?

Average audit fees are around $2200 or so?
quote:
How much do accountants charge for financial statement review or audit services?
The cost of financial statement review or audit services can vary depending on the size and complexity of the business, as well as the level of assurance required. However, on average, these services can cost between $2,000 and $15,000.
LINK
... but tango029 doesn't thinks he cares... until he gets tagged. Then he'll care.
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