Little known, often overlooked, IRS “Audit Techniques Guides”

The IRS issues Audit Technique Guides to its examiners to provide the auditors with information about your industry and potential issues on our tax return which can raise questions.  These guides are the equivalent of a “Cliff’s Notes” summary of your industry.  

These guides are also useful to CPAs because they warn us of typical industry-specific areas of focus by the IRS. Knowing where the IRS is looking helps us with preventing problems, business planning, and for tax planning purposes. The IRS periodically updates the guides, providing us valuable information as the newly issued guides reveal potential target industries and industry-specific problem areas.  Newly issued guides reveal potential target industries and problem areas.

The following list shows the available guides that may be of interest to our clients:

  • Landscape design
  • Attorneys
  • Business consultants
  • Cash intensive business:
    • Bail bonds
    • Beauty shops
    • Car washes
    • Check cashing
    • Laundromats
    • Scrap metal
    • Convenience stores
  • Child care
  • Construction contrators
  • Farmers
  • Timber and logging (New 12/2012)
  • Reforestation
  • Non profit
  • Ministers
  • Auto dealerships
  • Partnerships
  • Retail
  • Veterinary

Let us know if you would like for one of our CPAs to perform a threat assessment for your industry or help you plan to make sure your records are adequate.  Peace of mind brought to you by Holden Moss CPAs.

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Written by

Steve Moss, CPA is a partner at Holden Moss CPAs and loves helping businesses and their owners grow to be the very best they can be. Our other offices include Raleigh, Oxford and Warrenton. We are a little different at Holden Moss CPAs. While we still provide traditional tax and accounting services, years ago we realized many clients wanted help in running their businesses and were hungry for ideas, solutions, strategy, and execution. In response, we expanded our skill set and joined Ran One, a global network of business consulting firms. Our membership with Ran One gives us access to proprietary resources and analytical software to help our clients grow, become more profitable and valuable, and have the lifestyle they desire. Now, blended into the fabric of our normal tax and accounting needs, we are focused on our clients’ businesses in a very different way. While our approach is not right for everyone, for those whom it is, incredible results may be obtained. Whether you have a new, or established, business, or for those in transition of selling or retiring, or for those who simply need to develop an exit strategy or succession plan, our unique approach to client service may be the edge you need.

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