#audit
Independent audit and assurance engagements — SOC 2, financial statement audits, internal controls testing, evidence collection, and audit readiness for service organizations and growing businesses
Split current from non-current debt, give every loan its own account, and zero suspense balances monthly — an IRS-ready COA for lenders and auditors.
A contribution is conditional only with both a barrier and a right of return — otherwise your nonprofit books the grant as revenue now, not a liability.
Building on Feast turns engineering payroll into a capital asset under ASC 350-40; buying Tecton keeps it operating expense. Document the stages.
IRS Letter 105-C fully disallows your refund claim — respond within 30 days and protect the two-year suit deadline, which Appeals never pauses.
IRS Secure Messaging lets invited businesses and their reps trade documents with the case team online — faster than mail, on the record unlike phone calls.
Ghost assets — equipment on your books but long gone — run 10-30% of fixed asset registers; a yearly physical count plus disposal entries clears them.
A math error notice means the IRS already assessed the tax — request an abatement within 60 days or lose prepayment Tax Court rights.
The IRS must honor 10 codified taxpayer rights. Know the 30-day appeal, 90-day Tax Court and 30-day CDP deadlines, and when to call the Taxpayer Advocate.
Nearly 9 in 10 audited licensees underpay royalties, mostly by accident. The 7 errors audits find, the red flags, and the audit clause that shifts the cost.
The IRS presumes a farm is a business if it profits in 3 of 5 years; otherwise nine factors decide. Hobby farms owe tax on income but deduct nothing.
IRS SIFL rules value personal flights on company jets at cents per mile, not charter cost — H2 2026 rates, control-employee multiples, W-2 reporting.
Importers buying via a middleman can declare the factory's first-sale price to U.S. Customs and cut duties 10–20%, if every tier is documented.
