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 Small-Business C Corporation Returns Increase by 34 Percent. Don’t miss it!
Three ways our fact-filled article can help you.
- We’ll explain how the IRS determines if you have a small-business C corporation. See for yourself if you fall into that category You’ll find out when you read the full article.
- Why the IRS is collecting more dollars per audit. On a per-return basis, the IRS increased its average collection per small-business C corporation audit by 59 percent from 2005 to 2009. If you want to find out where the biggest increases in collections came from, read the full article.
- How to escape an audit and get that precious “no-change” letter. It’s a fact. Almost one in three IRS audits of small business C corporations produced no-change letters — no additional revenue from the audits. We’ll tell you how to get a no-change letter in your mail box when you read the full article.