ATTENTION DRYWALLERS - Don't get backed up against the wall during an audit with the Internal Revenue Service! Can your tax returns slide through IRS computers and past IRS scrutiny? It's possible, but what happens if your return is flagged and you become a statistic? We have the tools you need to be ABSOLUTELY prepared if, and when, it does happen to you! The more familiar you are, the more you can be on the alert to assess the direction of the audit and work successfully with your tax professional.
In just 2 hours, you will know everything the IRS Auditor will be looking for during an audit of your business. Hey, this isn't rocket science here - you just need to know what the auditor knows. We can do that for you...simple as that!
The IRS Also Tells Their Auditors...
"Their awareness of costs enables Drywallers to make profits on jobs. However, this profitability may not be reflected on the books and records. Such books and records often just consist of a check register and file even for Drywallers with millions of dollars in gross receipts."
Don't delay - RESERVE YOURS TODAY!
TABLE OF CONTENTS
Industry Background
- Industry Practices 2-1
- Industry Participants and Considerations 2-2
Industry Issues and Audit Techniques
- Unreported Income 3-11
- Third Party Contacts 3-10
- Required Filing Checks 3-6
- Reconciliation of Books to Return 3-6
- Progress Billing Invoices 3-9
- Preplan and Issue Identification 3-1
- Pre-Audit -- In General 3-2
- Pre-Audit -- Corporations 3-3
- Pre-Audit -- Conclusion 3-3
- Materials and Other Expense Invoices 3-9
- Job Files 3-7
- Initial Interview 3-4
- Examining Source Documents 3-7
- Employment Tax 3-5
- Correspondence 3-10
- Contracts with Subcontractors 3-10
- Contracts with Owners/General Contractors 3-8
- Billings from Subcontractors 3-10
- Bids and Estimates 3-9
- Bad Debts 3-11
