Automotive Industry

Federal Income Taxes

  • Audit Technique Guide for Independent Dealerships The IRS publishes a Market Segment Specialization Program (MSSP) intended to serve as an Audit Technique Guide (ATG) to their field officers when conducting an audit of your federal tax return. This guide not only covers nearly all the tax issues related to independent dealerships, but will also give you a great deal of insight as to what kind of adjustments an IRS officer will be looking for during an audit.
  • Audit Technique Guide for New Vehicle Dealerships The IRS publishes a Market Segment Specialization Program (MSSP) intended to serve as an Audit Technique Guide (ATG) to their field officers when conducting an audit of your federal tax return. This guide not only covers nearly all the tax issues related to new vehicle dealerships, but will also give you a great deal of insight as to what kind of adjustments an IRS officer will be looking for during an audit.
  • Publication 1544 Reporting Cash Payments of Over $10,000 If, in a 12-month period, you receive more than $10,000 in cash from one buyer as a result of a transaction in your trade or business, you must report it.

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