Could Potential Boost in IRS Funding Ramp Up Audits on Small Businesses?
THRIVE, a Paychex Business Podcast
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Show Notes
With the Inflation Reduction Act expected to become law, the IRS would see funding increase by nearly $80 billion. “On the Mark” host Gene Marks and many others see this as a red flag for small businesses when it comes to auditing by the IRS. As a CPA and small-business owner, Marks offers a handful of tips on how to approach tax filing that could help reduce the risk of an audit. Listen to the podcast.
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