IRS AUDITS SPECTRUM MINISTRIES

Months ago, our former Board chairman became critically ill, resulting in he and his wife moving up north to Ventura. Unfortunately critical mail didn't follow, and some was lost in the process, like Spectrum forms to the IRS. Several months later our Spectrum treasurer was called into the formidable world of the IRS. Sitting across the table from the IRS is like sitting across from a Goliath of steel. The room was cold, very cold. The strategy is meant to be intimidating and it works very well.

The Board was told that we were going to have to through an IRS audit! Our first audit. Now I wished we had gone through our own audit.

For more than twenty years I've pushed for a having our own comprehensive audit and then I found out how expensive they were. Wow! Our first audit would run as much as $500.000 while later audits would run more like $20,000 each. Boy, a little non-profit like ours just doesn't have that kind of disposable income.

Day after day, week after week Eloy and our Secretary Beth had to search for and dig through old records and sign forms and ... sit in that cold office across from Goliath.

Well, PTL, we're through with our audit. It came out with flying colors and best of all, the government paid for it ... and Goliath even warmed a little as he saw our work.