Hi, the basis for conclusion is the most important part. If someone has a case or...

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Accounting

Hi, the basis for conclusion is the most important part. Ifsomeone has a case or two that applies to the basis that would beawesome.

FACTS: Bret and Samantha Woodley have been ourclients for many years. We have recently concluded an IRS audit oftheir 2017 income tax returns and the result was an increase intaxable income of $43,750. In our opinion the IRS auditors haveignored the facts in this case and have incorrectly applied theinternal revenue code in their conclusions.

ISSUE: Bret and Samantha Woodley are very upsetand worried that they can not afford to pay the increased tax of$16,188. We have told them that this is only the first step. We canalways go to appeals and then court if necessary. They have saidthat appeals is just another arm of the IRS and will just agreewith the auditors findings and this amount is too small to incurthe costs of litigation. What can we tell them so they are not soworried about fighting this assessment?

CONCLUSION:

BASIS FOR CONCLUSION:

What is your conclusion?

What is the basis for your conclusion?

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Hi, the basis for conclusion is the most important part. Ifsomeone has a case or two that applies to the basis that would beawesome.FACTS: Bret and Samantha Woodley have been ourclients for many years. We have recently concluded an IRS audit oftheir 2017 income tax returns and the result was an increase intaxable income of $43,750. In our opinion the IRS auditors haveignored the facts in this case and have incorrectly applied theinternal revenue code in their conclusions.ISSUE: Bret and Samantha Woodley are very upsetand worried that they can not afford to pay the increased tax of$16,188. We have told them that this is only the first step. We canalways go to appeals and then court if necessary. They have saidthat appeals is just another arm of the IRS and will just agreewith the auditors findings and this amount is too small to incurthe costs of litigation. What can we tell them so they are not soworried about fighting this assessment?CONCLUSION:BASIS FOR CONCLUSION:What is your conclusion?What is the basis for your conclusion?

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