Tax
Mar. 10, 2012
How to sidestep or survive increasing IRS audits
The latest IRS statistics show that audits are increasing.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
As a tax lawyer, I'm not supposed to give advice about audit lotteries or to base my tax advice on statistics that show most tax returns will never be examined. In fact, tax advisers are actually required by U.S. Treasury Department rules to assume every return will be audited. In truth, however, there might be only a 2 percent chance of audit.
When I tell a client there is a 50/50 chance a tax deduction will be uphe...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In