Monday, August 22, 2005

Survive the IRS (inside info for businesses)

This should interest everyone who runs a business!

When the IRS audits a business tax return, the auditors need to know something about the type of business in order to know what to look for. So the IRS prepares training documents on all sorts of businesses, ranging from auto repair to nightclubs and restaurants. This tells the auditors exactly what they should look at and question.

Wow! So if you're in one of those businesses, wouldn't it be great to know exactly what the IRS auditors will question?

Well, you can. You'll find a bunch of these IRS documents (called "Audit Techniques Guides") right on the IRS website. There's also another list, inluding some older (possibly outdated) guides, at http://www.unclefed.com/SurviveIRS/MSSP/

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