bookkeeping data is notoriously unreliable. so why is the irs relying on it?
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the 10-minute bookkeeping test
by frank stitely
sk cpas
“please give me a copy of your 1099-misc forms.”
the irs agent was a 25-year-old woman, with only a couple of years of experience dealing with my client.
my client was the “how-dare-you-question-me?-i’m-a-taxpayin’,-god fearin’-american” type of client – one of those guys who think the marlboro man is a wimp.
but he had a tax problem. he was being audited and he had thrown out all of his paper records when he moved his office.
missing 1099-misc
he didn’t have copies of his 1099-misc forms. so he had his bookkeeper reprint them from quickbooks. i gave them to the irs agent.
“mr. stitely, these 1099 forms don’t match what we have in our records.”
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