Audit

What to Do If You’re Faced with an IRS Audit (8 Tips)

“I hoped this day wouldn’t come…but I need help with an IRS audit.”

Picture this: you own a small business. You just sent out invoices a week ago, and the checks are rolling in. As you walk to the mailbox, you have a smile on your face. You pull out the mail and see a half dozen checks…and an envelope from the IRS?

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Avoiding an IRS Tax Audit

Just 0.45 percent of taxpayers were audited in the fiscal year 2019. Still, with taxes becoming more complicated every year, there is an even greater possibility of confusion turning into a tax mistake and an IRS audit. Avoiding “red flags” like the ones listed below could help.

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