This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...

I have owned rentals for 4 years now. I never took the depreciation!!! If I go back and amend my tax returns for 2014, 2015, 2016 would that EXPOSE me more to an audit? I stand to get back an additional $2,000 per ye...

I was sent an invitation to the IRS to review my 2015 and 16 federal taxes. I read that you are allowed to record the examination as long as you provide a 10 notice in writing. As o did such, the examiner called me an...

Hi,Back in 2013 I purchased a small commercial property without getting an environmental audit.  It was a foreclosure and rushed deal.  I’ve since heard about some environmental issues on an abutting property.  I now ...

I hope somebody can give me some insight. I am selling a house I rehabbed and it was scheduled to close tomorrow. Today I was told that it was randomly selected for a USDA audit and can't close until next Tuesday at...

I'm going through the divorce from hell and the judge ordered us to get a property management company.  My ex found this person and I was okay with her at first, but now my ex has turned her totally against me.  We ar...

Hey all, I'm wondering if anyone knows of a good tool that's purpose built for analyzing the current performance of an existing asset. For instance, I purchased a duplex ~7 years ago. Since purchase I've: addressed de...

What’s the likelihood of your soloK being audited? In what circumstances it would raise the red flag even though you do nothing wrong?

Hey BP!  Does anyone have referrals for a Grocery store auditor?  We have a tenant that has a $10m rent threshold before they kick up a % of sales.  Of course for years they have been hovering just under $10m.  Would ...

Does someone have a sheet or summary of licensing requirements for CPAs for audits?  If there is something that exists by state that would be of the most interest.  Another question....if a CPA is in one state and a p...