We bought an SFH home, and it is being sold as a 5-bedroom, but the county auditor side has it as a 3-bedroom. 

I am a Accountant from The Ohio State University taking a few classes finishing up my senior year, while doing so I will be working at Ernst & Young (EY) as a Auditor, I have been working as a Auditor for around the past year while in school however for a different company. 

The list of promoters and auditors included in the accusation keeps growing including someone with last name of "Rockefeller".Just saying if you promote something (especially if it's your own fund), the SEC may get into you.The case is still going on these days.

He was an auditor in his 60s.

@D Mack Your seller is confused. 1) it’s CASH deposits over $10k that get reported, but they are simply recorded, they don’t trigger any audit or other scrutinization unless they are regular.

In the internal IRS hierarchy, Appeals officers are far better trained and more competent than the Compliance officers aka auditors.

An IRS auditor could well make the case that because all these people knew each other up front, and had these relationships and NDP became a DP after the loan was refinanced, that the intent all along was to conduct a prohibited transaction AND to disguise the transaction.Whoever "son" is, he really must not do this.

For example, in Ohio (see R.C. 5301.01):To be valid, a DEED must be:i) signed by the grantor;ii) the grantor must acknowledge the signature before an official (a judge, a clerk of court, a county auditor, a county engineer, a mayor, or a notary public)iii) the official shall certify the acknowledgement and sign a certificate of acknowledgementNote - a properly signed (but not recorded) deed is a valid transfer of real property - HOWEVER, without recording, there is little protection against 3rd party claims against the property - (I've seen cases where people sold the same piece of land to different buyers!)

I talked to an IRS auditor a couple of years ago and he said that with today's business models, the IRS recognized some time ago that it would be very common and they no longer necessarily use the home office as a leading indicator of the need for an audit.  

You can look up the property taxes on the Hamilton County auditors website (this is obviously assuming you buying in the Cincinnati market indicated in your profile).