In Dean Q. Wynn’s 3½ IRS Audit Red Flags, he attempts to teach the layperson to learn how to hire competent personnel to ensure proper and accurate filing of tax returns in order to avoid being audited by the IRS. This is because he believes that for most people, the reason behind being subjected to IRS audits is the improper filing of tax returns, which is in turn due to having hired incompetent personnel. Wynn does this by listing the various traps one has to avoid and supplements this by providing real-life case studies of various tax scenarios for better understanding.
Honestly, I picked up 3½ IRS Audit Red Flags hoping that it would turn out to be an enlightening and informative read, shedding light onto a topic which had previously remained relatively unknown to me. Unfortunately, this was sadly not the case.
Whilst I very much appreciated Wynn’s sincere desire to help his readers avoid IRS audits, it was a massive pity that his ability to explain his points and support said points with evidence left much to be desired. The severe grammatical errors, incomplete sentences and syntax blunders I found were legion, which regretfully impeded me from fully understanding the
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arguments he wanted to convey, despite multiple re-readings. Also, Wynn's inaccurate use of examples to prove his points substantially diminishes my overall comprehension of the book: for example, in his bid to put across the point that the tax laws are unnecessarily complicated and in need of a reworking, he utilises the (allegedly) less complex medical profession as a juxtaposition.
He claims that as the tax code is 74,608 pages long, it is therefore more complicated in comparison to the 69,000 medical conditions the human body can suffer from. Not only is this a gross simplification of medicine as a whole, Wynn’s choice to use it as a comparative example is an illogical one. He actually makes similar mistakes numerous times throughout the book, which is extremely disappointing as it greatly reduces the book’s credibility as an information
source. However, what I highly appreciate is Wynn’s inclusion of photographs and documents from his real-life case studies, as the more relevant ones would serve as a great reference for readers wanting to know more about certain tax scenarios. The addition of a table of contents is also very welcome, as it helps to compartmentalise the information in the book, aiding the reader in a quicker search. Furthermore, the warmth and authenticity stemming from his desire to help comes through most strongly in his writing when he reiterates his offer of free advice (and a free copy of the book) to people in need – this touched me greatly. Nonetheless, I would still give this book a rating of 1 out of 4 stars. This is as the lack of organisation, proper grammar and accurate citation methods is dire enough to force me to subtract two stars. I also subtracted another star for the many inappropriate comparative examples peppered throughout the book. I would recommend that Wynn work closely with an editor to polish his writing, as I can see very clearly the vast unfulfilled potential his book has for people who are looking for more information about the process of filing taxes with the IRS. I am confident that with proper editing, the book will be able to shine as it deserves to – in that case, I would not hesitate to recommend it to those who need it.
In “The Unscrupulous Partner” ethics case, Andrea Fuller is a tax partner at a local certified public accounting firm located in southern California. Ed McDouglass is a general partner of Skyline Views, which is a limited liability partnership that constructed, operated and sold condominiums. For devoting 100% of his time into the limited liability partnership and taking charge of any situation, Ed functions as the general manager for Skyline Views; therefore, he is allowed a management fee to include two percent of expenses and ten percent share of the year 's net income if it exceeds $100,000. As a result, Ed hired Andrea to complete the tax return for Skyline Views.
This book was a good read for me, but I also read book reviews to help me keep track on what I am reading. These book reviews just made a better understanding of what I was reading.
It has helped me so much individually that I had recommended it to my friends at other universities who are currently reading, as well as my father. From debunking myths about police, especially in this chapter, and tricks to get more overtime. Through my own, somewhat biased eyes, I had always thought that if the police would be called there would be a police car there in less than five minutes and a majority of the time there would be an arrest, but in reality that just isn't always true. A hidden theme that I found throughout reading the book was that with the events in just one year is enough to write an entire books, as you yourself could mostly relate
The Bitter Pill by Brill Steven addresses the problem attached to medical bills in small towns across the country. Brill feels that American health care is eating away our economy and our treasure and discusses the costs associated with the provision of health care services in the U.S. The article explores the medical world through the medical experience encountered by a 50-year-old Scott S. and his wife Rebecca S. from the surrounding suburb near Dallas Texas. How is it possible that a laboratory work for a breathing problem cost $132,303?
Last week, we talked about the IRS Criminal Investigation unit, which just released their Fiscal 2012 report. That report was filled with the sort of dry statistics you would expect from an IRS annual report: 5,125 total investigations launched, 202 crooked tax preparers indicted, 199 identity thieves sent to prison, and 64 months average time behind bars for money launderers. But the report also includes dozens of stories of tax cheats who really just should have known better — and some whose stories are so entertaining we just had to share them. Are you having a bad day? Well, be glad you're not one of these people!
1. What is the main argument made by Rothe? What are the consequences of the relationship between government and some corporations?
1). This was an effective point because it immediately grabbed the reader’s attention. It also played on people’s natural, instinctive qualities to help those who are in need. It got readers to start thinking from the author’s point of view and could make them try to help him in any way they can. Another way he used an emotional response was by talking about “tax dollars” (par.17). This was well placed because many Americans think that they work too hard to have their hard-earned tax dollars go to waste. This also brought the readers closer to the author because they would not want that to happen, which is a typical fear of
Weld, L. G., Bergevin, P. M., & Magrath, L. (2004). Anatomy of a financial fraud. The CPA
Dr. Gawande did an excellent job convincing me that his argument was valid. He provided hard data and policy analysis to show the “overkill” of medical
As a student writer, I can learn from the mistakes these two authors have committed by being able to identify the different types of fallacious reasoning that authors can commit. By being able to identify fallacious reasoning in their arguments it will help me identify it in my own and therefore, help me avoid using them as well. Realizing that published writers can also make mistakes in their writing helps me understand that everyone can improve on their skills regardless of what level they are at. Writing is a reoccurring process that can always be
Nicholas Carr has many strong points in his article. He successfully proves that what he has to say is worthy of his readers time, and that maybe we should all take caution to how much time we spend on the
... trusted statistics and carefully worded statements did not appear as though the author was pushing excessively for his own viewpoint but instead wished to share as many factual statements so the reader could come to their own logical conclusion along with the author giving no room for a reasonable argument that he had not already approached at some point in the chapter.
Madura, Jeff. What Every Investor Needs to Know About Accounting Fraud. New York: McGraw-Hill, 2004. 1-156
I will test the hypothesis in this study based on the results of the t-test on the digit with an unusually high frequency in the financial statements of avoiders. As mentioned above, the test sample will be used in a regression model to see if the finding of the first test is correct and persists when controls are included for firm characteristics which are associated with cash effective tax rates. More specifically, firm characteristics which have been proven to be a determinant of corporate tax avoidance in prior research.
Giroux, G. (Winter 2008). What went wrong? Accounting fraud and lessons from the recent scandals. Social Research, 75, 4. p.1205 (34). Retrieved June 16, 2011, from Academic OneFile via Gale: