Watch out! After receiving budget increases in 2009 and 2010, the IRS is in the midst of its largest hiring initiative in recent years. The result? They’ll have scores of new revenue agents auditing small-business C corporations. What’s the threat to you? How can you protect yourself? You’ll find answers in our must-read new article titled Tax Tips: Tax Audits of … [Read more...]
Audits
Sorted by Date
Surviving a tax audit for entertainment & vehicle deductions
There are two frightening words no one ever wants to hear… “IRS Audit.” Yet, you may be among the countless thousands of men and women whose entertainment and/or vehicle deductions will be closely audited by the IRS. Will you sail through the audit process without a problem, or will you owe thousands of dollars and face possible penalties? You’ll find answers to these … [Read more...]