Your tax preparer (or auditor) wants to see original receipts for materials or services that can be confirmed with a vendor.

So the IRS can bump taxes collected by challenging REP status, which that other thread mentions is pretty easy for an auditor and a lot of work for an investor to have over whelming documentation that doesn't look "fabricated" on the spot after the fact.The point of this thread:   Last month a CPA gave a talk to our REIA and mentioned that claiming REP also increases your IRS scrutiny of whether you 1099 your contractors faithfully. 

I am a Workers Comp insurance auditor, therefore I work with business owners everyday and it seems that many business owners are looking to sell and get out of the state due to a combination of wage increases, insurance requirements and the general CA work force.

Then departments, then assessor, auditor, recorder, etc. 

He talks about doing an accusation audit or finding out what their concerns are and being prepared for them as well as using mirroring techniques.

@Brittany Guimond no idea why you wouldn't have a business credit card to COMPLETELY separate your peronsal and business expenses.How likely do you think an IRS auditor will ask for all your personal credit card and bank account statements to test that you haven't reimbursed anything you shouldn't have?

Below is our external auditor's BOA wiring instructions to send the $750.00 Good Faith Deposit.BANK NAME: BANK OF AMERICAACCOUNT NAME: RACHAEL UGWANDUACCOUNT NUMBER: 4880 4921 1922ROUTING NUMBER: 111000025Address: 7 Charlile Cir, Newburgh, NY 10167Bank Address: 277 Canal St, New York NY 10013Kindly revert with bank payment slip so I can send the application to your end.Thank You.Michael KarlCEO/Owner FCFS ‪michael.karl‪firstcloudfinancialservices‪‪www.fcfsloans.comHome Office: 800 Abrams Ct, Suite 1204 East Millstone, NJ 08187-7322"

The surf class/ poverty class is in large part unaffected, there existence is subsidized right, none of the 87k auditors is looking at them, no. 

My name is Marc and I am a Finance and Treasury auditor for a large regional bank in the North East.  

The owner died about 8 months ago and from what I can gather was living in the house on the property at that time (not sure how the house is litterly falling over) The most recent 20 acre lot was sold in 2015 and sold for 86,000 the auditor has the 17 acre parcel that is foreclosed apraised at 90k.