I filed for ch. 7 a few weeks ago and got a call today from my attorney that we've been randomly selected to be audited by the Justice Dept. The attorney said this is fairly rare but not too much to worry about.
I guess I'm just a little worried that something will go wrong and I'm a little unsure as to what to include. Also, I'm unsure as to what the consequences will be if something goes wrong.
I have a sole prop business and I listed all of my profits and losses on a spreadsheet. Obviously the trustee is asking for this but I'm wondering if I need to go through and itemize every single receipt and include that or what.
Does anybody have any insight into the audit process they can share? I'm a little spooked right now and any additional info would be helpful.
Thanks.
I guess I'm just a little worried that something will go wrong and I'm a little unsure as to what to include. Also, I'm unsure as to what the consequences will be if something goes wrong.
I have a sole prop business and I listed all of my profits and losses on a spreadsheet. Obviously the trustee is asking for this but I'm wondering if I need to go through and itemize every single receipt and include that or what.
Does anybody have any insight into the audit process they can share? I'm a little spooked right now and any additional info would be helpful.
Thanks.