Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

I've been through two, back-to-back IRS audits. It's not fun. And their assumption appears to be (I think they told us this explicitly) that you have done something wrong. In one instance we had a very minor adjustment (due to something our accountant had amortized incorrectly), the other one they found no problems. But both times it was invasive, targeting, and felt awful.

I truly appreciate you guys posting. It was so ironic to see this topic. I've been in an IRS audit for 7 months. It's been a complete and utter nightmare. At this point, it feels like harassment to me and my family. The reason for their audit is because from 2021 to 2022 my income dropped too much that I must have been hiding income in my business. It didn't matter that I had medical records starting in July showing i completely stopped working and needed extensive brain surgery and it doesn't take a rocket scientist to understand that if someone isn't really running a business, it isn't really going to make similar money compared to years past.

Up to this point, I have not gotten legal counsel because we have nothing to hide and did not hide money, but we are getting close. Their most recent request was that a business event that I paid for, I need to go and get letters from other business that attended on their company letterhead stating they attended. An absurd request and going through the process, no matter how honest you are is embarrassing to admit on so many levels.. To add to the mess, we had our identity stolen in 2023 where our checking account was drained so we had to shut it down and open a new one and our bank has told us because of the circumstances, they no longer can get copies of canceled checks and some other information because their system only archives for 2 years.. awesome. almost like the banks do this to help the IRS.

I've already prepped my wife that we are going to have money squeezed away from us because that is their entire intention. They hired 87,000 agents to put pressure on the middle class individuals that make decent money and they're going to squeeze every dime out of us they can.  There's a lot of additional details that make this even worse, but being someone in my situation that has still been trying to get past such a major health issue, while get back to running a business i didn't touch for 6 months and raise 3 young children after my wife had to keep it all together for a long 2 years has been awful. And then end result will be cutting some sort of check with absurd late fees and penalties that are completely not deserved. 

Oh, we know.

[img width=234.333 height=500]https://i.imgur.com/1DlkCfo.jpeg[/img]

I'm not really a farmer.  I didn't write that off as a tractor

I truly appreciate you guys posting. It was so ironic to see this topic. I've been in an IRS audit for 7 months. It's been a complete and utter nightmare. At this point, it feels like harassment to me and my family. The reason for their audit is because from 2021 to 2022 my income dropped too much that I must have been hiding income in my business. It didn't matter that I had medical records starting in July showing i completely stopped working and needed extensive brain surgery and it doesn't take a rocket scientist to understand that if someone isn't really running a business, it isn't really going to make similar money compared to years past.

That sucks, they did a similar thing to us, when my wife took her second maternity leave.  Ours fortunately wasn't drawn out, because there was nowhere we could have "hidden" the money.  But I was perplexed as to how a fairly common occurrence like maternity leave threw them for that much of a loop.  She took a shorter leave with our first, and had a ton of banked up sick days that she burned through first, plus he was born over summer vacation, so she didn't even technically start her maternity leave until he was like 4 months old.  She took 13 months with our second.

We had another issue with our foster daughter, but that wasn't on them.  Her birth parents had her SSN, and claimed her.  First thing we did when we adopted her was change that

Because I'm a nerd, i think it’s 18 percent.

Aren’t you too young for fixed incomes?

I haven't given myself a raise for 4 years, because we can't afford as we have to give raises to our employees, so they don't leave us. Big firms are always after our employees, because they are well-trained and very skilled.

My wife's pension is fixed. No COLA with that.

I attempted to quantify our income reduction and came up with 20-25 percent down, based on spending increases caused by Covid and bad policies in DC.

they look for any angle possible.. which is also why i think they've dragged mine out. Doing it for maternity leave is absurd. My business intertwines with my w2 job which makes it more complicated, but since i'm in the financial world and there are federal licenses involved, i don't mess around with anything not being above board a clear as day on the right side of the fence. Sadly, my mindset my entire life, since my father, my best friend and my grandparents were military men, that I respect my country and that I always pay my share of taxes because it's the right thing to do and part of why we have the freedoms we do.. After going through this process, my opinion on that has completely changed. I'll still do what's right, so i can never have regrets putting my head on the pillow every night, but I no longer have respect for what our government is and what the IRS is trying to accomplish.

I also think it's a fishing expedition to find the bad actors.  And it's way easier to cast a wide net and make the good actors fight their way out

I also think it's a fishing expedition to find the bad actors.  And it's way easier to cast a wide net and make the good actors fight their way out

Wow.. that's perfectly said..

Look, we found a topic we can all agree on lol

We should get together and sit and talk about this in person having some chili.. that stuff that has beans in it. 

...and, the moment was gone...