Do Sole Proprietors Run a Higher Risk of Being Audited by the IRS?

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Do Sole Proprietors Run a Higher Risk of Being Audited by the IRS?

The word on the street is that this is the case. According to Small Business Information at www.about.com, sole proprietorships are more likely to be audited over partnerships, S-Corporations, and the general tax-paying population. Aside from glaring mistakes, omissions, and large deduction claims on a tax return, the IRS also considers income as a factor for an audit. One thing is certain ”the more you make the greater your chance of being audited.

I l @ ve RuBoard


The 60-Second Commute. A Guide to Your 24.7 Home Office Life
The 60-Second Commute: A Guide to Your 24/7 Home Office Life
ISBN: 013130321X
EAN: 2147483647
Year: 2003
Pages: 155

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