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Employment Tax: 13% of All Audits Win - Avg Refund is 100k

DONT LET EMPLOYMENT TAXES GET YOU 824 BILLION DOLLARS COLLECTED BY THE IRS LAST YEAR, 13% audits won VA IRS 87% audits lost AUDITS LOST AUDITS WON $1,155,358,000 $43,492,000 total collected Field audit total refunded $26,365 avg loss per audit $95,587 avg refund per audit 69% 31% all audits NONE $90,431,000 total collected Letter audit total refunded $4,496 NONE avg refund per audit avg loss per audit more than 80% less than 0.71% is the percentage of employment tax audits lost due to is the percentage of audits won last year in employment tax. Businesses able to meet their burden of proof are 141 timesmore likely to obtain a refund. Causes businesses unable to meet the basic burden of proof necessary. number of audits won last year 455 average refund per audit was $95,587 Steps to Audit Proof În Regards to Employment Taxes Your Business contracts 2 tax returns IRS 3 ISO industry 9001 standards геport 4 print out audit report Audit Report 5 victory! autotax.me t: cameronkeng W: cameronkeng.com e: [email protected] autotaxme SOURCE: IRS Tax Statistics (http://www.irs.gov/taxstats) IRS CIRCULAR 230 DISCLAIMER “Pursuant to regulations governing the practice of attorneys certified public accountants enrolled agents enrolled actuaries and appraisers before the Internal Revenue Service unless otherwise expressly stated any US federal or state tax advice in this communication including attachments is not intended or written to be used and cannot be used by a taxpayer for the purpose of i avoiding penalties that may be imposed under federal or state law or ii promoting marketing or recommending to another party any transaction or taxrelated matters addressed herein" DONT LET EMPLOYMENT TAXES GET YOU 824 BILLION DOLLARS COLLECTED BY THE IRS LAST YEAR, 13% audits won VA IRS 87% audits lost AUDITS LOST AUDITS WON $1,155,358,000 $43,492,000 total collected Field audit total refunded $26,365 avg loss per audit $95,587 avg refund per audit 69% 31% all audits NONE $90,431,000 total collected Letter audit total refunded $4,496 NONE avg refund per audit avg loss per audit more than 80% less than 0.71% is the percentage of employment tax audits lost due to is the percentage of audits won last year in employment tax. Businesses able to meet their burden of proof are 141 timesmore likely to obtain a refund. Causes businesses unable to meet the basic burden of proof necessary. number of audits won last year 455 average refund per audit was $95,587 Steps to Audit Proof În Regards to Employment Taxes Your Business contracts 2 tax returns IRS 3 ISO industry 9001 standards геport 4 print out audit report Audit Report 5 victory! autotax.me t: cameronkeng W: cameronkeng.com e: [email protected] autotaxme SOURCE: IRS Tax Statistics (http://www.irs.gov/taxstats) IRS CIRCULAR 230 DISCLAIMER “Pursuant to regulations governing the practice of attorneys certified public accountants enrolled agents enrolled actuaries and appraisers before the Internal Revenue Service unless otherwise expressly stated any US federal or state tax advice in this communication including attachments is not intended or written to be used and cannot be used by a taxpayer for the purpose of i avoiding penalties that may be imposed under federal or state law or ii promoting marketing or recommending to another party any transaction or taxrelated matters addressed herein" DONT LET EMPLOYMENT TAXES GET YOU 824 BILLION DOLLARS COLLECTED BY THE IRS LAST YEAR, 13% audits won VA IRS 87% audits lost AUDITS LOST AUDITS WON $1,155,358,000 $43,492,000 total collected Field audit total refunded $26,365 avg loss per audit $95,587 avg refund per audit 69% 31% all audits NONE $90,431,000 total collected Letter audit total refunded $4,496 NONE avg refund per audit avg loss per audit more than 80% less than 0.71% is the percentage of employment tax audits lost due to is the percentage of audits won last year in employment tax. Businesses able to meet their burden of proof are 141 timesmore likely to obtain a refund. Causes businesses unable to meet the basic burden of proof necessary. number of audits won last year 455 average refund per audit was $95,587 Steps to Audit Proof În Regards to Employment Taxes Your Business contracts 2 tax returns IRS 3 ISO industry 9001 standards геport 4 print out audit report Audit Report 5 victory! autotax.me t: cameronkeng W: cameronkeng.com e: [email protected] autotaxme SOURCE: IRS Tax Statistics (http://www.irs.gov/taxstats) IRS CIRCULAR 230 DISCLAIMER “Pursuant to regulations governing the practice of attorneys certified public accountants enrolled agents enrolled actuaries and appraisers before the Internal Revenue Service unless otherwise expressly stated any US federal or state tax advice in this communication including attachments is not intended or written to be used and cannot be used by a taxpayer for the purpose of i avoiding penalties that may be imposed under federal or state law or ii promoting marketing or recommending to another party any transaction or taxrelated matters addressed herein" DONT LET EMPLOYMENT TAXES GET YOU 824 BILLION DOLLARS COLLECTED BY THE IRS LAST YEAR, 13% audits won VA IRS 87% audits lost AUDITS LOST AUDITS WON $1,155,358,000 $43,492,000 total collected Field audit total refunded $26,365 avg loss per audit $95,587 avg refund per audit 69% 31% all audits NONE $90,431,000 total collected Letter audit total refunded $4,496 NONE avg refund per audit avg loss per audit more than 80% less than 0.71% is the percentage of employment tax audits lost due to is the percentage of audits won last year in employment tax. Businesses able to meet their burden of proof are 141 timesmore likely to obtain a refund. Causes businesses unable to meet the basic burden of proof necessary. number of audits won last year 455 average refund per audit was $95,587 Steps to Audit Proof În Regards to Employment Taxes Your Business contracts 2 tax returns IRS 3 ISO industry 9001 standards геport 4 print out audit report Audit Report 5 victory! autotax.me t: cameronkeng W: cameronkeng.com e: [email protected] autotaxme SOURCE: IRS Tax Statistics (http://www.irs.gov/taxstats) IRS CIRCULAR 230 DISCLAIMER “Pursuant to regulations governing the practice of attorneys certified public accountants enrolled agents enrolled actuaries and appraisers before the Internal Revenue Service unless otherwise expressly stated any US federal or state tax advice in this communication including attachments is not intended or written to be used and cannot be used by a taxpayer for the purpose of i avoiding penalties that may be imposed under federal or state law or ii promoting marketing or recommending to another party any transaction or taxrelated matters addressed herein" DONT LET EMPLOYMENT TAXES GET YOU 824 BILLION DOLLARS COLLECTED BY THE IRS LAST YEAR, 13% audits won VA IRS 87% audits lost AUDITS LOST AUDITS WON $1,155,358,000 $43,492,000 total collected Field audit total refunded $26,365 avg loss per audit $95,587 avg refund per audit 69% 31% all audits NONE $90,431,000 total collected Letter audit total refunded $4,496 NONE avg refund per audit avg loss per audit more than 80% less than 0.71% is the percentage of employment tax audits lost due to is the percentage of audits won last year in employment tax. Businesses able to meet their burden of proof are 141 timesmore likely to obtain a refund. Causes businesses unable to meet the basic burden of proof necessary. number of audits won last year 455 average refund per audit was $95,587 Steps to Audit Proof În Regards to Employment Taxes Your Business contracts 2 tax returns IRS 3 ISO industry 9001 standards геport 4 print out audit report Audit Report 5 victory! autotax.me t: cameronkeng W: cameronkeng.com e: [email protected] autotaxme SOURCE: IRS Tax Statistics (http://www.irs.gov/taxstats) IRS CIRCULAR 230 DISCLAIMER “Pursuant to regulations governing the practice of attorneys certified public accountants enrolled agents enrolled actuaries and appraisers before the Internal Revenue Service unless otherwise expressly stated any US federal or state tax advice in this communication including attachments is not intended or written to be used and cannot be used by a taxpayer for the purpose of i avoiding penalties that may be imposed under federal or state law or ii promoting marketing or recommending to another party any transaction or taxrelated matters addressed herein" DONT LET EMPLOYMENT TAXES GET YOU 824 BILLION DOLLARS COLLECTED BY THE IRS LAST YEAR, 13% audits won VA IRS 87% audits lost AUDITS LOST AUDITS WON $1,155,358,000 $43,492,000 total collected Field audit total refunded $26,365 avg loss per audit $95,587 avg refund per audit 69% 31% all audits NONE $90,431,000 total collected Letter audit total refunded $4,496 NONE avg refund per audit avg loss per audit more than 80% less than 0.71% is the percentage of employment tax audits lost due to is the percentage of audits won last year in employment tax. Businesses able to meet their burden of proof are 141 timesmore likely to obtain a refund. Causes businesses unable to meet the basic burden of proof necessary. number of audits won last year 455 average refund per audit was $95,587 Steps to Audit Proof În Regards to Employment Taxes Your Business contracts 2 tax returns IRS 3 ISO industry 9001 standards геport 4 print out audit report Audit Report 5 victory! autotax.me t: cameronkeng W: cameronkeng.com e: [email protected] autotaxme SOURCE: IRS Tax Statistics (http://www.irs.gov/taxstats) IRS CIRCULAR 230 DISCLAIMER “Pursuant to regulations governing the practice of attorneys certified public accountants enrolled agents enrolled actuaries and appraisers before the Internal Revenue Service unless otherwise expressly stated any US federal or state tax advice in this communication including attachments is not intended or written to be used and cannot be used by a taxpayer for the purpose of i avoiding penalties that may be imposed under federal or state law or ii promoting marketing or recommending to another party any transaction or taxrelated matters addressed herein"

Employment Tax: 13% of All Audits Win - Avg Refund is 100k

shared by cameronkeng on Nov 02
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Most businesses are caught off guard by the IRS with employment tax audits. But, the 13% of businesses that are prepared get a 100k refund on average.

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