You can have the information you need to save yourself from an embarrassing IRS Audit! The Top 12 Issues The Internal Revenue Service Auditor Will Be Looking For In The Retail Liquor Industry -
- S-Corporation Payments Of Health Insurance
- Net Operating Loss Deduction
- Management Fees To Corporate Officers Are Wages
- Lottery Income
- Loans To Shareholders
- Inventory
- Imputed Interest
- Fair Retail Value
- Car And Truck Expenses
- Bottle Redemption Income
- Amortization Of Liquor Licenses
How Will Your Knowledge of These Issues Affect Your Tax Liability? What about the answers to these 7 specific questions?
- How does your inventory balances compare with prior and subsequent year returns?
- Have there been any inventory write-downs to below cost?
- Does your method of inventory valuations conform to a prescribed method?
- Do you have unauthorized changes from cost to cost or market?
- Do you have any gross profit percentage variations?
- Are your year-end purchases included in ending inventory?
- Are there notes to financial statements of independent auditors?
AND THERE'S MUCH, MUCH MORE... 
