the irs and big data gone bad

bookkeeping data is notoriously unreliable. so why is the irs relying on it?

get the instant download:
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.”