Streamlined Disclosure audits are happening now

Streamlined Disclosure audits are happening now

http://ift.tt/1RfwK1f The IRS has been threatening that Streamlined Submissions will be audited for years now, but we've never seen that happen. Until now. We have been receiving calls over the last few days from people whose Streamlined Submission is under audit. This is the very first time we have seen this happen.   We believe that the IRS sees an opportunity to collect easy penalties. We believe this because their training says so.   What many people don't understand is how long the Statute of Limitations is for audits. But, if your Streamlined Submission has an errors on it, the Statute of Limitations has not even started to run. If any forms is missing, there are penalties (aside from FBAR penalties). These penalties are typically $10,000 per occurrence.   The IRS has to take advantage of all the "low hanging fruit" that they can, as quickly and easily as possible. If I had to guess, this is just the beginning of the audits and we will most likely get more and more calls from people getting audited for their Streamlined Submissions and Soft Disclosures.   When we submit any Streamlined Submissions to the IRS, we always submit them under the assumption that they will be audited. We are extremely detail oriented and thorough. Unfortunately, we often get clients who come to us and assistance because the company they hired to do their submission has made errors.   If you have been contacted by the IRS because your submission is being audited, or if you just want a second opinion on a submission done on your behalf, contact us. Submissions can be amended. We can help. Parent & Parent, LLP 60 E 42nd St #4600 New York, NY 10165 (212) 256-1335 info@irsmedic.com https://youtu.be/OybUJWU4sFo IRS Medic