Will new IRS funding increase small business audits?
AUGUST 22, 2022
Should we expect more audits and fines? This austerity, compounded with complex Covid tax relief measures, means the IRS is 6+ months behind in processing tax returns, audits, and even opening the mail. Enforcement activity, including audits, has focused almost exclusively on high-income individuals and corporations, not small businesses. How do I avoid an IRS audit? Audits, fines, and other IRS disputes are a major distraction from routine business.