Tax season my be over, but that doesn’t mean you should rest easy yet. Small businesses are often the victims of a tax audit. Fox Business has a few tips to help you avoid being audited.
- Consider using tax software or a tax professional to complete your tax return.
- Keep business expenses separate from personal expenses.
- Always report your full income.
- If you are claiming unusual deductions, make sure to spell out what the deduction is for so that the IRS can verify it.
- Meet the tax deadlines!
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