What To Do When You Are Missing Records And You Need the IRS Off Your Back

The IRS is a wildly unconstitutional tax monster, but it’s not invincible—especially when you’re missing business records. I’m Anthony Parent, a 20-year tax attorney at IRSMedic, spilling the secrets to tame it. Flood, theft, or no records to start with—don’t panic. Here’s how to fight back and win.
My dad, a retired government insider turned lawyer, taught me this: the tax code only demands your “best efforts.”

Lost W-2s or 1099s? Grab your IRS wage transcript. Missing business records? Estimate and sample—yep, it’s legal. Take “Rick,” a wild client who sold AIDS meds on the black market. He pulled $2M with zero expense records, terrified of an IRS revenue officer. I asked his profit margin (30-40%), cross-checked pharma industry norms, and estimated 30% costs plus 15% overhead. That slashed his taxable income to $900K. Filed it, paid it—the IRS ate it up, case closed. No jail, no ruin.

The trick? Honesty with estimates beats lying every time. The IRS just wants compliance, not your soul. Stuck with missing records or an audit? Hit irsmedic.com/help to book my team. Huge tax shakeups are coming in 2025—follow now for more insider hacks to keep the IRS off your back!