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IRS casts wider net for small business audits

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in Hiring,Human Resources,Leaders & Managers,Management Training,Office Management,Records Retention

Good news for large corporations means bad news for small business owners: Instead of going after the big fish, the IRS is spending more resources on the small fry. A new study shows that the IRS reduced the number of hours agents spent auditing large corporations by one-third since 2005 and increased the hours spent on audits of companies with assets of less than $10 million by 30%.

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