Episode Summary:
In this informative episode, tax attorney Juda Gabaie breaks down the complexities of IRS audits, explaining different types of audits, common triggers, and how to prepare for them. He provides valuable insights on the importance of proper documentation and professional representation during an audit process.
Key Timestamps:
00:00 - Introduction
00:27 - What triggers an IRS audit
02:23 - Common audit triggers including AI detection
03:10 - Different types of IRS audits and their severity
04:11 - How to prepare for an IRS audit
05:31 - Required documentation for audits
06:18 - Common taxpayer mistakes during audits
07:00 - Role of a tax attorney in IRS audits
08:46 - Financial implications: penalties, interest, and potential criminal charges
09:42 - Best practices for handling an IRS audit
About the Show:
The Power of Tax Defense Attorneys: Tax Corner with Juda Gabaie features expert tax attorney Juda Gabaie of Gabaie & Associates LLC, providing professional insights on tax-related matters. Hosted by Abigail Vaca, the show aims to educate listeners about complex tax issues and defense strategies.
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