IRS RELEASES VETERINARY PROFESSION AUDIT GUIDE TO IRS AUDITORS

By releasing the “Veterinary Audit Technique Guide” to its specialized auditors, the IRS has effectively targeted the Veterinary Profession as an industry and occupation for special attention by making it part of its Market Segment Specialization Program.

This IRS Audit Technique Guide is now a reality and you should really consider taking advantage of it, and here's why:

• There is now an IRS overview about typical business practice in veterinary practices and you can see how you compare to IRS expectations.

• You can find out where people in your industry make mistakes that affect their taxes. Many audits focus on errors rather than cheating.

• Know the IRS battle plan if you are audited. The old fishing-expedition audits are becoming a thing of the past. The auditor will know your industry and questions will be more informed and pointed.

• Knowing in advance what can trigger an audit and what auditors look for can help you better comply with tax law.

We do offer a complete turnkey system designed to review your current compliance with the tax law based on what the IRS identifies as key issues for the practicing veterinarian. We will propose to you and assist with the implementation of any corrective measures where appropriate.

Would you be interested in taking a look at this? If so, we'll email a brief information package, which we can then discuss with a short phone call. Please click here to request an information package.