Factors to Keep in Mind during An IRS Tax Audit
With the start of the tax season a few weeks away, many business owners will soon pay close attention to their tax returns. A concern that inevitably creeps into the minds of many taxpayers is the possibility of being questioned by the IRS. An IRS audit is a review/examination of the accounts and financial information of an organization or a person to ensure that the information is correctly reported in accordance with tax laws and to verify that the amount of taxes shown is correct.