I've had two audits on Chapter 7 cases, both about 2-3 years ago. Both debtor couples were self-employed and fortunately well-organized so both received the coveted "no material misstatements" finding by the auditor. These are very time consuming and our retainer agreement now excludes them from the flat fee.
James R. Selth
Weintraub & Selth, APC
Sent from my Verizon Wireless 4G LTE DROID
"Steven B. Lever" wrote:
Two of my clients have been selected for UST audits in the past 2 weeks. Prior to that Ive only had one audit, about 2 years ago.
I cannot believe I have been audited twice. It says right in the documentation At least one out of every 1,000 individual Chapter 7 and 13 cases will be randomly selected for audit. In addition, a case may be selected for an exception audit (audit of a case with income or expenditures above a statistical norm).
Neither of the cases have high income or expenses, so am I (and my clients) just lucky?
Steve
Law Offices of Steven B. Lever
>
> Steven B. Lever
> Tel. (562) 436-5456 ext. 1
> Fax (562) 485-6886
>
sblever@leverlaw.com
>
www.leverlaw.com
>
I've had two audits on Chapter 7 cases, both about 2-3 years ago. Both debtor couples were self-employed and fortunately well-organized so both received the coveted "no material misstatements" finding by the auditor. These are very time consuming and our
retainer agreement now excludes them from the flat fee.
James R. Selth
Weintraub & Selth, APC
Sent from my Verizon Wireless 4G LTE DROID
"Steven B. Lever" <
sblever@leverlaw.com> wrote:
Two of my clients have been selected for UST audits in the past 2 weeks. Prior to that Ive only had one audit, about 2 years ago.
I cannot believe I have been audited twice. It says right in the documentation At least one out of every 1,000 individual Chapter 7 and 13 cases will be
randomly selected for audit. In addition, a case may be selected for an exception audit (audit of a case with income or expenditures above a statistical norm).
Neither of the cases have high income or expenses, so am I (and my clients) just lucky?
Steve
Law Offices of Steven B. Lever
>
> Steven B. Lever
>(
Tel. (562) 436-5456 ext. 1
>(
Fax (562) 485-6886
>*
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