IRS tax audits – What every business owner should know

Description

Abstract: An IRS audit may not seem quite as big of a business risk as a natural disaster or an unstoppable competitor. But getting that fateful letter in the mail can still hurt morale, impede productivity and delay strategic objectives. This article talks about what can trigger an audit and discusses what business owners should be ready to do in response. A sidebar looks at impending new audit rules for partnerships.