Preparing Business Tax Returns That Avoid IRS Scrutiny and Audit Red Flags
The recently passed Inflation Reduction Act provides an additional $80 billion in funding for the US Internal Revenue Service (IRS) over the next decade, expected to translate to a big surge in IRS agent hiring and a significant increase in tax return auditing.
While more auditing is good for the government, since it generates more tax revenue, it’s not so good for the business community. It means the quality of your returns needs to be much higher to reduce the risk that you’ll face a time-consuming, costly audit.
This guide is designed to help you understand the factors driving the increased audit risk for business owners, how to ensure your business tax return is prepared properly, how to avoid the red flags most likely to trigger a tax audit, and how to choose a tax professional that can go beyond tax preparation and provide proactive, strategic guidance year-round.
Read our guide to learn:
- Common red flags in a business tax return that are likely to trigger IRS attention
- A checklist of information to review in your business tax return
- Common, costly tax return mistakes to avoid
- Strategies to optimize your business tax credits and deductions
Download the White Paper
Other Tax Resources
When a tax filing deadline is looming for your business, it would seem the worst possible time to think about changing accounting partners, right? Maybe
Filing your business’s taxes can sometimes feel like a necessary evil, making tax season a very stressful time for a small to midsize business (SMB)
The recently passed Inflation Reduction Act provides an additional $80 billion in funding for the US Internal Revenue Service (IRS) over the next decade, expected
Ever since the Tax Cuts and Jobs Act of 2017 placed a cap on the amount of state and local taxes (SALT) you can take