“If the IRS wants to audit you, you are still responsible for the records, and if you don't have the records you are at their mercy.”
“You are on the hook for an audit for three years. But if the IRS finds something like a substantial understatement of income they can go back six years.”
“The IRS is starting to look at this audit thing as a way of generating revenue. They are starting to look for people with over $100,000 in income.”
“This is a normal process. It's like a normal tax audit by the IRS.”
“If they are in an audit situation, we can't confirm or deny it. The IRS looks at numerous market segments. But government agencies, they're not immune either.”
“It's intimidation. The IRS has every right to audit nonprofit organizations, but we think this was an abuse.”
“We'll try to cooperate fully with the IRS, because, as citizens, we feel a strong patriotic duty not to go to jail.”
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