To: Tax-chick
I have worked with some very good rural people who historically have been honest, but just the other day in doing a tax review I had an indication that someone wasn't showing some income that should have been.
It is tempting when everyone does it and also when the politicians don't spend it wisely.
My general rule is show all the income but get aggressive on the expenses. One is a "gotcha" the other is a debate....and I'm sticking to it.
To: PeterPrinciple
show all the income but get aggressive on the expensesThat's a good rule, especially if all the expenses are well documented. It's very hard to conceal income, if an auditor really goes looking for it. ... Which is not to say that our criterion should be "Can I get away with it?" :-)
20 posted on
11/26/2003 9:50:59 AM PST by
Tax-chick
(It's hard to see the rainbow through glasses dark as these.)
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