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cpayne5 · 04-18-2006, 09:25 AM

A relative of mine owns a motorcycle dealership. They started it about 6 years ago and after the third year they got audited. The auditor told them that they hadn't been doing their taxes correctly and they had to pay some fines. They then changed their operating procedures to adhere to what the auditor told them. This past year, they got audited again. This new auditor said that the previous auditor was wrong and that their new procedures were wrong. They ended up having to pay a $60k fine this go around.

04-18-2006, 09:25 AM	#11
cpayne5 Playmaker Join Date: Feb 2004 Posts: 3,807	Re: F...Audits A relative of mine owns a motorcycle dealership. They started it about 6 years ago and after the third year they got audited. The auditor told them that they hadn't been doing their taxes correctly and they had to pay some fines. They then changed their operating procedures to adhere to what the auditor told them. This past year, they got audited again. This new auditor said that the previous auditor was wrong and that their new procedures were wrong. They ended up having to pay a $60k fine this go around. __________________ "It's not about what you've done, but what's been done for you."