May 27, 2011

NOT ‘TIL TIM GEITHNER GIVES UP HIS TURBOTAX: IRS To Small Businesses: We Want Your QuickBooks.

Many accountants are worried this could lead to fishing expeditions” to find problems beyond the scope of the requested information, said Danny Snow, a certified public accountant in Memphis who is active in the American Institute of CPAs, or AICPA. “It’s not like what the IRS asks of large companies.”

It’s not like the President has joked about auditing his enemies or anything.