News Formal

Why getting audited can be a good thing for your business

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

Getting audited can be beneficial for your business.

For businesses filing their taxes, getting audited can actually be a good thing, says Sheila Brandenberg, a New York-based CPA.

A tax audit involves the IRS or a state tax agent double-checking your business numbers and tax forms to make sure there aren’t any discrepancies. Brandenburg says businesses are chosen at random through a computer lottery to get audited but the chances of getting audited are still small: according to the IRS, taxpayers have a 0.6% chance of being audited. Small businesses have a 0.7% chance of being audited.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why the remarkable stock market recovery could just be getting startedCNN News, delivered. Select from our newsletters below and enter your email to subscribe. Winning! Thank you President Trump. Cheap money. What a stupid article.
Source: CNN - 🏆 4. / 95 Read more »