It's a bird... It's a plane ... It's SUPERCOUPLE !!!

bobm

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My wife received a package from the IRS for an audit of a couple that have a "multilevel marketing business". They have used a tax professional to file their taxes for the last 3 years. Reason for this audit is that on their tax return they have claimed business travel expenses each for 2 weeks... first they claimed business trips to Colorado then to Mexico, and Nevada then to Florida . Next year, business trips to New York and N. Carolina, and then Mississippi and Hawaii. Followed by business trips to Cal. and Florida, then to Alaska and Porto Rico. Problem arises was that for each of the two locations the deductions were on the SAME DATES that included air fair, hotel entertainment meals and large gifts for clients ( gifts to clients are limited to $25 ) Also , regarding the air fares... they exchanged air line employee discounted standby tickets for products that they sell at their full retail price , but claimed full ticket prices for airline fares to the public . Their tax returns also contained other pretty creative business deductions. Preliminary tax bill , plus penalties, and interest into six figures ... they just may be having poopy pants pending their in person audit. Also, their tax preparer will be checked for possible tax returns violations to see if other clients have similar creative tax deductions. Know who your tax preparer is as YOU are legally financially responsible for your tax returns. :caf
 

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