Tax
Feb. 25, 2017
Is your tax audit risk 3 years, 6 years, or even more?
Taxes are horribly complex, and even innocent activities can be misinterpreted. That's one of many reasons it pays to know how far back you can be audited. By Robert W. Wood
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Just about everyone hopes that their tax audit exposure is low. It can even be worth specifically asking your tax professionals if they see anything on your draft tax return that might raise eyebrows. If they point something out, it does not mean that you should forgo claiming something that is legitimate.
But considering the issue, its magnitude, presentation, and the overall mix on your return can be good business. Of co...
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