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Teamwork

November 15th, 2014 No comments

An IRS office was keeping a close eye on a small company with only a few employees.  The income reported by the small business on its annual income tax form seemed to the IRS to be more than could be expected by the company’s limited number of employees, unless there was a lot of overtime.  The problem was that the small business reported no overtime being paid to its employees.  Hence, an IRS agent was sent to look into the matter.

 

When he arrived, he introduced himself and explained to the owner that he wanted to take a look at his books.  The owner responded by laying out his books on his desk and inviting the agent to spend as much time as he wanted looking over all the figures.  The agent confirmed that no overtime was being paid, yet the income was more than seemed reasonable for the number of employees.  He decided to interview the owner. Read more…