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Article Date:
June 2007


Word Count:
361

 

 

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

 

The two lines that contain the ... Log in to view full article.

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