Going through an audit can be a very daunting experience. That goes for both independent audits of your financial statements as well as those necessitated by the IRS. Even though an independent audit has a completely different purpose than an IRS audit, the process can feel equally stressful if you don’t know what to expect. So, how do you know if you need a financial statement audit? When should you begin?
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IRS Audits: What You Need to Know
No one like to be in the IRS’ spotlight, but the reality is that audits can happen to anyone. We’ve detailed the three types of IRS audits to keep you from being blindsided in the event of an audit.
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