To be sure, the IRS warned business owners last October to be... an audit. Start by knowing the basics so you can understand... the Small Business Administration, and it refers to the...
“At the same time, the IRS continues to emphasize the agency will not increase audit rates for small businesses and taxpayers making under $400,000,” he said. “And those remain at...
Solid record-keeping is a small business's best defense against an IRS audit. This defense is two-fold: A quality bookkeeping system also saves you time and headaches when taxes are due....
Selection for an audit does not always suggest there's a problem. The IRS uses several different selection methods: Note: filing an amended return does not affect the selection process of the original return. However, amended returns also go through a screening process and the amended return may be selected for audit. Additionally, a refund is not necessarily a trigger for an audit. Should your account be selected for audit, we will notify you by mail. We won't initiate an audit by telephone. .....
Here’s everything small business owners need to know about being audited by the Internal Revenue Service.
The Internal Revenue Service urged small businesses to use its Small Business and Self-Employed Tax Center on IRS.gov this week.
Tax audits are rare for small businesses, but that doesn't mean they don't happen. Here's what could trigger an audit and what to do if it happens to you.
The IRS may bring criminal charges against ERC companies that allegedly were persuading small business owners to fraudulently claim the credit.
Learn how to mitigate IRS audit risks, understand audit chances for small businesses, and prepare effectively. Expert tips to navigate tax audits confidently.
Don’t face the IRS alone. If you receive an IRS notice, we’ll review, research, and respond on behalf of your small business. Get started with a tax pro.