IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined.
How to Survive an IRS Audit
Tag: IRS Audit
Biden’s Tax Proposals may Cause Increase in Audits
Biden’s tax proposals include an additional $80 billion in funding for the IRS. Some experts believe that audits of some small businesses will also increase.
Recordkeeping is Key for Tax Deductions
If you operate a small business, or you’re starting a new one, you probably know how important recordkeeping is.
Chosen for an IRS Audit? Here’s what you need to know
Businesses, large corporations and high-income individuals are more likely to be audited but, overall, audit rates are historically low.