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Focus on small business audits at IRS

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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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