Скачать или смотреть How do Audits Occur in New York City and How Can You Help? | 212 Tax & Accounting

Want the 7 Ways High Income earners eliminate taxes that your CPA with never tell you?
Click here to download the checklist https://consult.212tax.com/7taxsaving... How do tax audits occur in NYC and what can you do about them? Tax audits occur for a variety of reasons. One of the biggest reasons audits occur is because of schedule C’s for self-employed individuals. While this form gives you the flexibility there to take a large amount of write-offs, it’s important not to abuse these write-offs.

Generally, either New York State or the IRS wants to see why this deduction was so high especially in relation to your industry, your profession, your income. Usually it's a correspondence audit by mail. They don't necessarily want to meet you in person, but they want you to send in support for certain income or expenses. Consulting with a qualified tax expert can give you the best chance of avoiding penalties or at least lowering that assessment.

Is your NYC small business facing a tax audit? As of January 1st, 2021, Anil Melwani, CPA of 212 Tax Services, and Tanton Grubman CPAs are operating as one combined firm!

If you want to save money on sales and taxes, learn more at TGCPAS.com or call us at (212) 475-1040, to schedule a consultation.