Comments on: Real Estate Professional Audit Troubles https://evergreensmallbusiness.com/real-estate-professional-audit-troubles/ Actionable Insights from Small Business CPAs Wed, 02 May 2018 00:08:51 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Steve https://evergreensmallbusiness.com/real-estate-professional-audit-troubles/#comment-6817 Wed, 02 May 2018 00:08:51 +0000 http://evergreensmallbusiness.com/?p=6609#comment-6817 In reply to Walter J.

IRS audits hours in a full audit… and they are very much the bullies. That’s my personal experience representing a taxpayer.

Also, that appears to be what’s happening elsewhere too. See here for example:

http://evergreensmallbusiness.com/real-estate-professional-loophole/

]]> By: Walter J https://evergreensmallbusiness.com/real-estate-professional-audit-troubles/#comment-6816 Tue, 01 May 2018 14:38:58 +0000 http://evergreensmallbusiness.com/?p=6609#comment-6816 I have often wondered if the IRS does these types of audits as desk audits, or if they actually knock on your door. These types of subjective hour schedules are generally easy, for bad actors, to just fabricate. So how does the IRS really know that your hour listing is accurate and not just made up?

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