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PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4627
Experience:  35 years tax experience, including four years at a Big 4 firm.
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Has anyone heard of an Tax Promoter Audit/

Customer Question

Has anyone heard of an Tax Promoter Audit/
Submitted: 11 months ago.
Category: Tax
Expert:  PDtax replied 11 months ago.

Hi from just answer. I'mCustomer It's called a tax shelter promoter audit. And yes, I have.

Expert:  PDtax replied 11 months ago.

If you are involved in promoting a tax advantaged investment the IRS had targeted, they can charge $1,000 in penalty per return you were so involved in.

This is typically assembled by the criminal investigation division, CID. They are the IRS best.

If you are being so audited, I suggest you retain quality tax attorney, and perhaps CPA, assistance.

Good luck with this exam. Positive feedback is appreciated after you review this response. I'mCustomer