Epic Spotlight Podcast
If the idea of an IRS letter in your mailbox makes your stomach drop, this episode will show you how to prepare, respond, and protect your business. In this episode, Dante and Andrew discuss: * Journey from IRS agent to tax attorney and entrepreneur * Common recordkeeping and documentation mistakes in small businesses * How and why the IRS selects tax returns for audit * Handling IRS notices, audits, and staying compliant * CPAs vs. tax strategists and finding the right tax professional Key Takeaways: * Poor documentation and sloppy recordkeeping are among the biggest reasons small business owners end up owing more tax after an audit. * Most audits are not random; they’re driven by discrepancies, patterns, or specific IRS projects identified through internal algorithms. * Treating the IRS as an enemy is counterproductive; results often come from remembering there’s a real person on the other side of your case. * Regularly checking both bank statements and IRS transcripts can reveal penalties, errors, or even embezzlement before they spiral out of control. * Investing in a skilled, communicative CPA and, when needed, specialized tax strategists can save far more money and stress than cutting corners on tax help. “I think the mark of a good professional is they should be able to explain taxes, you know, in a way that you can understand.” - Andrew Bosserman About Andrew Bosserman: Andrew Bosserman knows how the IRS thinks because he used to work there. As a former IRS agent turned IRS defense attorney, he now defends the business owners he once audited. Andrew founded Boss Tax Law to give taxpayers what they rarely get in tax disputes: an advocate who understands both sides of the table, as well as the human side of dealing with the IRS. He’s also a CPA who has prepared hundreds of tax returns and a small business owner who ran a Christmas tree farm. Andrew lives in Charlotte, North Carolina, with his wife and kids. Connect with Andrew Bosserman: Website: https://andrewbosserman.com/ [https://andrewbosserman.com/] LinkedIn: https://www.linkedin.com/in/andrewbosserman/ [https://www.linkedin.com/in/andrewbosserman/] Book - The IRS Survival Guide: https://bosstaxlaw.com/the-irs-survival-guide/ [https://bosstaxlaw.com/the-irs-survival-guide/] Connect with Dante Royster: Website: https://www.danteroyster.com/https://www.danteroyster.com/ [https://www.danteroyster.com/] Epic Mortgage Website: https://bison-primrose-e28y.squarespace.com/Epic Mortgage, Inc. NMLS 1885086 [https://bison-primrose-e28y.squarespace.com/] Facebook: https://www.facebook.com/EpicMortgage1885086EpicMortgage1885086 [https://www.facebook.com/EpicMortgage1885086] Epic Mortgage Instagram: https://www.instagram.com/epicmortgage/https://www.instagram.com/epicmortgage/ [https://www.instagram.com/epicmortgage/] “The Ultimate Mortgage Guide” book: https://www.amazon.com/Ultimate-Mortgage-Guide-Secure-Best/dp/1956220631 [https://www.amazon.com/Ultimate-Mortgage-Guide-Secure-Best/dp/1956220631] LinkedIn: https://www.linkedin.com/in/dante-royster-36b80b5/Dante Royster | LinkedIn [https://www.linkedin.com/in/dante-royster-36b80b5/] Twitter: https://twitter.com/DanteRoysterhttps://twitter.com/DanteRoyster [https://twitter.com/DanteRoyster] YouTube: Epic Spotlight [https://www.youtube.com/@EpicMortgageSpotlight] Email: dante@epic.mortgage [dante@epic.mortgage] The 9 states that Epic Mortgage is licensed are: Illinois/Indiana/Michigan/Colorado/Maryland/Virginia/Florida/Georgia/Texas Show notes by Podcastologist: Francine Poblete Audio production by Turnkey Podcast Productions. [https://t.sidekickopen77.com/s1t/c/5/f18dQhb0S7lM8dDMPbW2n0x6l2B9nMJN7t5XWPdSD1CW2zq9rs4Y8_jsTmtwR3JwfC-103?te=W3R5hFj4cm2zwW4mKLS-4fPf-FW3XWJt643Pr3GF4cQb1fmLXp1&si=8000000000242417&pi=a234d7d8-f11b-4fd4-feb6-16232278dc85]You're the expert. Your podcast will prove it.
99 episodios
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