Small Business Toolbox

A library of business management info


Small Business Audit

  • How to Handle an IRS Audit
    09/28/2007
    One of the most frightening experiences any small-business owner can face is an audit by the Internal Revenue Service. Even if you've been diligent about keeping records and filing your taxes on time, you're not guaranteed to escape further scrutiny into your business finances. But the experience can be less daunting if you remain calm and follow a few suggestions to keep a bad situation from getting worse.
  • 6 Red Flags: How to keep your tax return from flagging the attention of the IRS
    01/24/2006
    Want to avoid an audit? Watch out for these red flags that will likely draw scrutiny from the IRS.
  • Work it Out
    01/24/2006
    In a mess with the IRS? Tax negotiators can help you get back on track.
  • IRS Launches Abusive Transaction Settlement Initiative
    11/01/2005
    Internal Revenue Service officials today announced a broad-based, limited-in-time opportunity for taxpayers to come forward and settle an array of transactions the IRS considers abusive. Taxpayers who undertook these deals will have until January 23, 2006 to submit their settlement papers to the IRS.
  • IRS Updates Hurricane Katrina Tax Relief Guidelines
    09/28/2005
    With recovery efforts well underway from Hurricane Katrina, the Internal Revenue Service announced today additional details to help ensure that those impacted by the storm get the tax relief to which they are entitled. Notice 2005-73, also released today, has full details regarding the relief.
  • Upcoming IRS Compliance Audits Should Be Taken Seriously
    01/14/2003
    If you are selected for an audit, it is recommended you do the following.
  • Accurate Information Returns Avoid Costly Penalties
    11/27/2002
    Frequently Asked Questions
  • Avoiding Audits
    03/28/2002
    Few letters are as dreaded than the letter from the Internal Revenue Service informing you that you have been selected for an audit review.
  • Surviving Audits
    03/28/2002
    Don't panic if a letter from the Internal Revenue Service notifies you that your income tax return has been selected for an audit.
  • 4 Ways to Avoid an Audit
    03/28/2002
    Small business owners are audited at four times the rate of other taxpayers.
  • What to Expect If You Are Audited
    03/28/2002
    What to expect from an audit