Many business owners ask: How can I avoid or prepare for an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018, the IRS audited approximately 0.6% of individuals. Businesses, large corporations and high-income individuals are more likely to be audited. However, overall, audit rates … Continue reading “The Chances Of An IRS Audit Are Low, But Business Owners Should Be Prepared”