• EP 03: When a CPA Can Get It Wrong

  • Dec 26 2024
  • Length: 23 mins
  • Podcast

EP 03: When a CPA Can Get It Wrong

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  • Summary

  • In Amundsen v. Commissioner, even an experienced CPA faced disallowed deductions and penalties due to poor documentation of business expenses. This case is a cautionary tale for tax professionals, highlighting the importance of meticulous record-keeping to avoid IRS audits, penalties, and credibility issues. It underscores that no one is exempt from strict tax compliance requirements.
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