Small business owners (SBO) will be under more scrunity now that the IRS has increased their enforcement efforts in an attempt to close the tax gap. What this means is that audits for SBO's are on the rise. One way to ensure that you are not caught in an audit. is to take a proactive approach to your tax situation and not a reactive one.
Here is a taxpayer that took a reactive approach to her tax situation and the outcome of their dealing with the IRS (this may hit home for the real estate professionals out there). You can read the entire court case here or get the quick recap below. Enjoy.
The Tech Accountant