Tax
Mar. 16, 2017
How to steer clear of both state and federal tax audits
No one wants to fight with the Internal Revenue Service or the California Franchise Tax Board. Both agencies audit, and both can be tough on taxpayers.
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.
No one wants to fight with the Internal Revenue Service or the California Franchise Tax Board. Both agencies audit, and both can be tough on taxpayers. Many tax professionals say the FTB is tougher in audits. Certainly, that is true when it comes to tax collections. There are usually ways to buy considerable time and concessions from the IRS. With the FTB, rarely.
But how do you avoid audits in the first place? It's a big worry, especially when the IRS can often audit six tax years n...
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