How to handle an IRS audit, Grandville tax accountant

How to Handle an IRS Audit

Tax Preparation

The dreaded IRS audit. You’ve received your audit letter in the mail, but now what? If you’ve been selected for a tax audit, it simply means the IRS is taking a closer look to make sure you’ve accounted for all your income and that you’ve only taken the deductions and credits you were allowed by…

IRS Business Audit

Red Flags for an IRS Business Audit

Business, Tax Preparation

In 2018 the Internal Revenue Service (IRS) processed over 250 million tax returns and other forms. Smaller budgets and a leaner workforce meant the IRS only audited 0.59% of those returns. Your chances of avoiding an IRS business audit are pretty good, however, certain factors can raise a few red flags, increasing the probability of…