The IRS and Quickbooks

Written and Reviewed by Reed Tinsley | November 10, 2010

Does your medical practice use Quickbooks to keep its accounting records? Then you'll be interested in this: The IRS noted that it recently completed training for revenue agents (the auditors) on QuickBooks® Premier Accountant Edition 2010 software. Approximately 1,100 agents were trained and are now being encouraged to request and accept taxpayers' QuickBooks files, as appropriate. The IRS said during a tax audit, electronic files could be provided on a CD, DVD, or flash/jump drive to ensure their security. However, email cannot be used to transmit the electronic records to the IRS during the audit. 

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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