IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits. And so can small business owners. Many ATGs target specific industries, such as construction. Others address issues Read more
Business owners: When it comes to IRS audits, be prepared
If you recently filed your 2016 income tax return (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by the IRS based on your filing. Here’s what Read more
Are You More Vulnerable Than Others to Be Audited?
IRS data indicate that fewer than 1% of all individual income tax returns are audited each year. That’s true, but some taxpayers are more vulnerable than others to an IRS audit. For starters, the IRS is Read more
The IRS May Put You on Hold
During the tax preparation season, business owners, individual taxpayers, and CPAs often have questions for the IRS. If you need to call the agency, be prepared for a long wait. Increased tax code complexity plus budget Read more