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Tax News Aug 2016 - "New IRS Business Audit Campaigns"

Tax News Aug 2016 - "New IRS Business Audit Campaigns"

Tax News Aug 2016 - "New IRS Business Audit Campaigns"

Excerpt


New IRS Business Audit Campaigns



Traditionally, the IRS subjects large corporate taxpayers to nearly continuous audits of their tax returns. In recent years however, IRS funding has been substantially reduced, making this strategy unsustainable. As a response, the agency is creating new approaches to how it audits businesses – and companies need to prepare.


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