Bookkeeping

An audit starts when the IRS makes initial contact and it continues until a closing letter is issued. A compliance check or compliance check questionnaire also starts when the IRS makes initial contact. Generally, the IRS issues a closing letter at the end of a compliance check, but not at the end of a compliance …

Scope of audits and compliance checks of exempt organizations Internal Revenue Service Read More »

The information in this form will help you fill out your Schedule K-1. If you’ve chosen to be treated as an S corp, you may get Schedule K-1 (Form 1120-S). If you’ve elected to be treated as a C corp, no K-1 will be filed because taxes are paid at a corporate level. The IRS …

What is a K-1 Tax Form and Who Is It For? Lear & Pannepacker, LLP Read More »