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Article Date:
June 2007

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Tax Quiz—IRS Audit

Assume that you are one of the almost 4% who is going to have your Schedule C business expenses audited by the IRS. You had the misfortune of being chosen through random selection (50% of audits are random selections; the other 50% are based on test scores).


The IRS will almost certainly examine two line-item expenses in your Schedule C. What two line-item expenses are most vulnerable to a Schedule C audit?



Answer to Tax Quiz


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