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by sokoloff 1410 days ago
I was the unfortunate subject of a TCMP/NRP audit. Even with no tax issues identified in the audit, this took over $2K in my representation costs, ran over a year in calendar time, and seemed to exhibit no concern for the wastefulness on either party’s time and money. This was a fairly simple W-2, 1099-B, 401(k) couple of regular workers with a couple kids return.

Based on my experience, I’m not in favor of this expansion.

1 comments

The TCMP audits are not about finding money--by that standard they are incredibly wasteful. Rather, they are about investigating how honest people are being and in what ways they are being dishonest.

I believe the answer to TCMP audits is to have the IRS pay you an appreciable amount if no substantial issues come to light as they are an unreasonable burden to those who get selected.