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Taxes

2 Posts tagged with the irs_audit tag
Small Business Tax Audits: Are you at risk?  Can you avoid them?
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Posted by: SBOC Team, Feb 23, 2011

Some valuable advice on how to help avoid an audit and what to do if you can't.  By Max Berry. Just how much time the IRS will devote to small business audits in the current financial climate remains to be seen, but one thing is for sure: Small business owners have always run a heightened risk of being audited. Some businesses are more vulnerable than others, but knowing how to best avoid an audit-and how to deal with one if one can't be avoided-will only help you come tax season....
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The Do's and Dont's When Facing An Audit
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Posted by: SBOCTeam-KhWmv, Oct 19, 2007

For most small business owners, finding a letter in the mail from the IRS can suddenly unleash a flood of emotions, from fear to anger to guilt to helplessness, and that's even before you even open the envelope. And among all the possible scenarios that can flash through your mind, discovering that you are about to be - gulp - audited, is for most small business owners, far and away the worst. Instead of panicking when the IRS comes calling, arm yourself with the information you need to get...
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