The new school has several options: 1  To accept all of your hours earned in the previous school. 2  To accept a portion of the hours previously earned. 3  To accept none of the hours previously earned.
The average cost of an IRS audit is approximately $2,760. According to a study done at William &MaryLawSchool, the IRS audit for inadequate shareholder compensation cost the owner on average $30,000. Donât get caught with a low shareholder compensation! Contact your local CPA and payroll professional for help.ccording to a study done at William &MaryLawSchool, the IRS audit for inadequate shareholder compensation cost the owner on average $30,000. Donât get caught with a low shareholder compensation! Contact your local CPA and payroll professional for help.
Keep IRS documents and state income tax returns for at least six years in case the IRS claims you underreported your income by 25 percent or more. Typically, the audit window is three years only, but if you underreported your gross income by 25 percent, the IRS has six years to audit you.