The Internal Revenue Service assigned 6 Revenue Audit Agents to study the car wash industry and prepare a manual to train other Revenue Agents auditing taxpayers involved in the Car Wash Industry. Would you like to have INSTANT and UNLIMITED ACCESS to this AMAZING manual? Download NOW! Qualify For Free Bonuses!
According to the International Car Wash Association, there are approximately 22,000 car washes in the United States and Canada, nearly 90% are operated by the owners who are small business persons. Statistics show that there are approximately 350,000 car wash employees in the United States. It is also estimated that 65% of these car washes dispense gasoline.
Where Does The Internal Revenue Service Learns About YOUR Particular Business?
Sources of information have been divided into two categories: internal and external. Internal sources are those available from within the IRS while external sources represent all others outside the Internal Revenue Service.
These sources provide information relative to income and assets of the taxpayer and may assist the examiner in the classification of a particular tax return. Generally, one phone call from an IRS Audit Agent will enable the examiner to proceed with the information search for that particular party.
Internal Revenue Sources Of Information:
- Third-Party Sources Of Information
- The National Weather Service
- Tax Assessor's and Collector's Offices
- State and Local Offices
- Soap/Chemical Manufacturers
- Registry/Department of Motor Vehicles
- Local Water Department
- Local Electric Company
- Information Return Processing Transcripts
- Information On Tax Return
- IDRS Research and Command Codes
- Equipment Manufacturers
- Currency and Banking Retrieval System
- Court Records
- County Registry of Deeds