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The first year we were really in business earning any money the IRS did an audit on us. They wanted copies of every single receipt, and tons of documentation. I had to buy a new printer, and scanner and a fax combo printer and two reams of paper. It took me two weeks of doing nothing but that crap. She looked at it, said it was all OK and pending a supervisor approval not further action was needed. I spent a large chunk of money with my CPA and he gave great advice.
In the end, they accepted the tax return as originally filed. No action needed. That was a good thing except for the money and time I spent to prove I was innocent.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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