There are two reasons why the IRS might choose to audit your business. Either you have been randomly selected for this joyous experience or you’ve managed to raise some red flags. Unfortunately, even reputable medical practices that are on the up and up could end up failing an IRS audit. Not only is business taxation incredibly complicated and mistakes prevalent, but most business owners don’t have the faintest idea how to prepare for an audit. It’s imperative that you keep neat, meticulous records documenting all income and expenses, that you’re careful to keep write-offs legitimate, and that you seek the…
Learn More