Troy University Auditing and Taxation Discussion
Prior to beginning work on this discussion forum, review the webpage, Audit Technique Guides (ATGs) (Links to an external site.).
The IRS publishes numerous Audit Techniques Guides (ATGs) to assist small business owners, tax practitioners, and IRS examiners through the audit process for various industries. After visiting and reviewing the Audit Technique Guides (ATGs) (Links to an external site.), select the ATG for an industry that interests you. Based on the ATG, discuss some common audit issues or concerns for businesses operating in that industry.
When taxes are filed or paid improperly, both taxpayers and tax preparers are at risk of facing penalties. Address the following in your discussion post:
- Compare and contrast the penalties assessable to taxpayers compared with the penalties for tax preparers.
- Create a unique scenario in which a penalty may be assessed, describe who should receive the penalty (the taxpayer or the tax preparer), and explain why.