EP 03: When a CPA Can Get It Wrong
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EP 03: When a CPA Can Get It Wrong
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About this listen
In Amundsen v. Commissioner, even an experienced CPA faced disallowed deductions and penalties due to poor documentation of business expenses. This case is a cautionary tale for tax professionals, highlighting the importance of meticulous record-keeping to avoid IRS audits, penalties, and credibility issues. It underscores that no one is exempt from strict tax compliance requirements.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.