The Flood
Our clients facing an audit from the Internal Revenue Service in this case had always kept meticulous records of their significant business expenses. Unfortunately, all of these records were lost due to a flood which had taken place many months before the clients received notice of the audit by the Internal Revenue Service. Prior to retaining Moskowitz LLP, the auditor handling the audit indicated that he would disallow virtually all of the business expenses resulting in a substantial assessment of tax, penalties, and interest.
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