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Originally Posted by CoachKandSportsguy
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I'm a working CPA. I see fraud all the time.
I've seen a potential client come in with an $81,000 check paid to his LLC and ask how this income could not be reported. (I sent him away).
I've been asked to file for Employee Retention Credit even though their sales went up. They advised a company advertising on the radio they spoke to said they had a way around this.
(If sales went up quarter to quarter you can't file for the ERC).
Many construction, farm and restaurants have employees paid with cash.
A bill passed last year giving the IRS enough money to hire more employees. Most of this money went to hire replacements for vacant positions or positions coming up through retirement.
A portion of this money was to go into hiring revenue agents for audits. It has been proven that audits recover 3 times the amount spent on audit personnel. There was misinformation spread that all of the money was for audit agents. Just not true.
There is an IRS hotline for CPA. Two or three years ago there was a ten to fifteen hold time before I spoke to an agent. Last week I called - it took three calls to get into the queue. I was told there would be a 30-60 hold time. After one hour thirty minutes I got to talk to someone. Was told they could not help me because another department had not processed the payroll taxes returns sent in two months earlier. I should call back in two to three weeks.
The IRS needs more money- not the reduction in funds the republican are calling for.