How Self-Employed Businesses Can Take On IRS Audits Running a small business subjects an owner to various twists and turns on a daily basis. Few events, however, will raise an entrepreneur’s blood pressure quicker than a U.S. Department of Treasury letter informing them the business has been selected for an IRS audit. John Gregory EA, […]
Tag: "IRS audit"
“The reality is, an IRS audit is just another part of the business owning experience. Most importantly, if you’ve been operating your business in accordance with the laws, you should be fine,” offers Ebong Eka, CPA, author of START ME UP: The No-Business-Plan Business Plan . IRS Audit Triggers 1. Large amounts of income […]