This Week in Consumer

Victor Sy, CPA, MBA

Victor Sy, CPA, MBA Victor Santos Sy, CPA, MBA, provides professional services in accounting and tax controversy including IRS audit defense and offers in compromise. He also advises clients on choices of entity including corporations for small businesses and LLCs for rentals. Vic worked with SyCip, Gorres, Velayo (SGV - Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation at 704 Mira Monte Place, Pasadena, CA 91101. The firm celebrates its 35th anniversary in 2012. You may email tax questions to Vic at You are welcome to visit our website for about 300 tax tips at

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Columns Archive

Should you attend your own IRS audit?

MUST you attend your own IRS audit? You don’t have to. This is always a tactical question that should be discussed at the early stage of an audit. I have a feeling that you’d rather not go. I don’t want … Continue reading

July 15, 2017

How to handle field audit at your place of business

FIELD audits are more challenging than office audits. They are conducted at your place of business. Audits are performed by Revenue Agents who have many years of experience. They may hold advanced degrees. Many are CPAs and attorneys. Revenue Agents … Continue reading

July 08, 2017

Should the IRS conduct a field audit at your home or office?

NEITHER one, actually. You see, IRS conducts field audits where the books and records of a business are maintained. This, of course, is your office, home, warehouse, factory, or store. But I don’t like any of these locations. What I … Continue reading

July 01, 2017

10 general issues covered at IRS office audits

There are three basic types of IRS audits: correspondence, office, and field examinations. A. Correspondence audits are generally used for specific questions that can easily be verified. B. Office audits are conducted at the various offices of the IRS and … Continue reading

June 24, 2017

How to handle IRS correspondence audit

THERE are three basic types of IRS audits: correspondence, office, and field examinations. Let’s discuss correspondence audits. 1. Do not be afraid to open mails from the IRS. If you are, here’s an antidote to your dilemma: imagine that it’s … Continue reading

June 17, 2017

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