Monthly Archives: September 2012

IRS Announces 2013 Small Business Audit Focus Areas

The IRS has announced eight significant audit areas for small businesses that it will focus on in the coming year. The IRS is increasingly targeting small business underreporting, which they say is responsible for 84% of the $450 billion tax gap.

1. Fringe benefits. The IRS is completing its final year of research on employment tax compliance.…

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