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Focus on small business audits at IRS

by on
in Small Business Tax,Small Business Tax Deduction Strategies

The IRS is taking steps to improve audit procedures for small corporations.

Based on a study by the Treasury Inspector General for Tax Administration (TIGTA), it expects to examine the 2010 returns of about 2,500 small corporations with assets of $250,000 or less. (TIGTA Ref. No. 2011-30-113, 9/29/11)

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