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Updated about 12 years ago on . Most recent reply

Account Closed
  • CA
182
Votes |
762
Posts

IRS Demands Your Quickbooks Files

Account Closed
  • CA
Posted

I was listening to a CPA speak at our local RE club the other day. She said the IRS can and is starting to demand a copy of your quickbooks file when audited.

Does anybody have any concerns about this?

Seems to me they could easily see stuff unrelated to the audit if you are not careful and try to make something out of it. They can see a complete audit trail (can not be turned off in later versions of QB) and easily conclude you were cooking the books when you were actually just fixing a mistake.

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