IRS Audit Protection and Survival Guide, Bars and Restaurants

How can a bar or restaurant business survive . . .

The first major overhaul of the tax audit system in the past 50 years?

MSSP, an organized IRS program that targets the bar and restaurant industry?

Specially trained IRS agents with unprecedented fingertip access to public archives, industry statistics, and the tax history of any business?

With IRS Audit Protection and Survival Guide Bars and Restaurants

New strategies and techniques for audit self-defense

And don't miss these other IRS Audit Protection and Survival Guides available now from Wiley:

• Trucking Industry
• Bed and Breakfasts
• Attorneys

The bar and restaurant industry is one of the prime targets of the IRS's Market Segment Specialization Program (MSSP). Using a newly developed industry specific Audit Technique Guide and the latest in computer and communications technology, agents specially trained in the finer points of bar and restaurant operation and accounting are putting the tax returns of thousands of businesses under a very powerful microscope. Now more than ever, it is vital for CPAs and bar and restaurant owners and managers to anticipate IRS actions in order to avoid an audit or to survive one should it occur.

IRS Audit Protection and Survival Guide: Bars and Restaurants helps businesses prepare for this intensified scrutiny. It explains the issues in the IRS MSSP Audit Technique Guide for the bar and restaurant industry and describes specific changes in the IRS approach to examining bar and restaurant tax returns. Prescribing a series of audit self-protection strategies and techniques for the entire industry, former IRS agent Gerald Bernard and coauthor Daniel Baran bring all of their combined 40 years' experience to bear in analyzing the program's effects on key areas of taxation. Topics covered include:

• Sources of income
• Expenses and record keeping
• Tax write-offs for building and equipment
• Employee costs and payroll issues
• Planning, establishing, or purchasing a business
• Sole proprietorships, partnerships, limited liability companies, and corporations.

Supplemented with relevant IRS forms, tables, and regulations, this is the ultimate road map to the changing tax landscape for CPAs, bar and restaurant operators, and tax attorneys.

GERALD F. BERNARD, CPA, is coprincipal of Bernard & Stallman, P.C., a Phoenix-based accounting firm that specializes in tax services. A former IRS agent who for five years performed audits on individuals, small businesses, and trusts, Mr. Bernard now uses his IRS expertise to serve his clients. He is a past chairman of the Arizona Tax Legislation Committee of the ASCPA and served two terms as chairman of the Audit and Compliance Committee of the Arizona Forum for Improvement of Taxation.

DANIEL J. BARAN, CPA, is a principal of Daniel J. Baran, P.C., a firm specializing in tax controversy, tax planning, and tax compliance. A former senior tax staff member with Ernst & Young LLP, he was a founding board member of the Arizona Forum for Improvement of Taxation. He is a past chairman of the Arizona Society of CPAs' Internal Revenue Service Committee and the Arizona Department of Revenue Tax Liaison Committee.