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Category - Client Records

Articles

What is the first step if a client's records are incomplete or disorganized?

What should you do if a client claims they "have nothing" for records?

Is paying for business expenses in cash a problem?

What is the Cohan Rule?

What types of expenses can't be estimated under the Cohan Rule?

How does the Cohan Rule work in practice?

Why is it important to separate business and personal purchases?

What are some IRS methods for reconstructing income?

What is the specific item method?

How can a forensic accountant help in these situations?

What is Form 433-A and how can it help reconstruct income?

How was Form 433-A used in the example from the transcript?

What if the taxpayer had a "cash hoard"?

What is the main takeaway when client records are lacking?

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