The IRS and Big Data Gone Bad

Bookkeeping data is notoriously unreliable. So why is the IRS relying on it?

The Ten-Minute Bookkeeping Test (PDF)
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The 10-Minute Bookkeeping Test

By Frank Stitely
SK CPAs

“Please give me a copy of your 1099-MISC forms.”

The IRS agent was a 25-year-old woman, with only a couple of years of experience dealing with my client.

My client was the “How-dare-you-question-me?-I’m-a-taxpayin’,-God fearin’-American” type of client – one of those guys  who think the Marlboro Man is a wimp.

But he had a tax problem. He was being audited and he had thrown out all of his paper records when he moved his office.

Missing 1099-MISC

He didn’t have copies of his 1099-MISC forms.  So he had his bookkeeper reprint them from QuickBooks.  I gave them to the IRS agent.

“Mr. Stitely, these 1099 forms don’t match what we have in our records.”

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Frank Stitely



About the Author

Frank Stitely, CPA, CVA, is the managing member of Stitely & Karstetter CPAs in Chantilly, Va., and leader of Clarity Practice Management.

He is the author of

The Relentless CPA,
available exclusively from CPA Trendlines.

He graduated Summa Cum Laude from Clarion University and received the Elijah Watt Sells certificate in recognition of his performance on the CPA exam. His professional affiliations include: The American Institute of Certified Public Accountants, Virginia Society of Certified Public Accountants, President of the Association of Professional Accounting Software Consultants, Member of the Sage Software Small Business Certified Consultants' Steering Committee, Member of the National Association of Certified Valuation Analysts, Chair of the Audit Committee on the Board of Directors for Christian Relief Services, Maryland Society of Accountants, and the National Society of Tax Professionals.

Click here for more by Frank Stitely