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Sunny Day · 02-05-2012, 01:32 PM

They're called Audits.
Some are very superficial, some examine every penny in & out and add up the value of your lifestyle to see if it matches your income.

IRS agents are under the gun to clear cases, so they will bargain like a merchant at a bazaar. Friend negotiated a $350,000 tax bill down to $5,000 as his current and future income was much less than 10 years earlier. He never made nor they could prove he ever made what they claimed.

Don't skimp on paying an accountant. If you're in Dubai and have serious US income, hire one of the big 3 accounting firms for tax information. I worked for a former employee of one. The company we were working at, one new rule gave the company $30,000,000 tax deduction. I worked on one rule that got us a $3,000,000 extra refund from Florida 2 years running.

02-05-2012, 01:32 PM
Sunny Day Confirmed User Industry Role: Join Date: Dec 2010 Posts: 1,406	Audits They're called Audits. Some are very superficial, some examine every penny in & out and add up the value of your lifestyle to see if it matches your income. IRS agents are under the gun to clear cases, so they will bargain like a merchant at a bazaar. Friend negotiated a $350,000 tax bill down to $5,000 as his current and future income was much less than 10 years earlier. He never made nor they could prove he ever made what they claimed. Don't skimp on paying an accountant. If you're in Dubai and have serious US income, hire one of the big 3 accounting firms for tax information. I worked for a former employee of one. The company we were working at, one new rule gave the company $30,000,000 tax deduction. I worked on one rule that got us a $3,000,000 extra refund from Florida 2 years running.