Sunday, June 09, 2024 12:08:50 AM
Internet search: "Does the IRS audit companies"
Well maybe not everyone....
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1)
IRS agents conduct most business tax audits in person. Business audits are usually comprehensive, covering income tax issues and other issues, such as employment tax. It's important to thoroughly prepare for the audit interview. The IRS agent's determination in an audit is not final.
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AXXA has been audited by the IRS how many times
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Research that willya!!
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2)
In fact, abuses and errors in certain types of businesses and categories of business deductions are so common that the IRS has dedicated audit procedures for them. The IRS may be more likely to audit your small business under certain circumstances, including the following: Cash-intensive business.
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3)
All public companies must undergo an independent audit every year. This ensures that the financial statements released by the company accurately reflect its operations. At the end of the audit engagement, the auditors prepare a written audit report that they file with the Securities and Exchange Commission (SEC).
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Wow:!!! An audit every year...
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