According to MyVenturePad’s Daniel Kehrer, “sole-proprietors – the most dominant form of small biz ownership – are 10 times more likely to be audited than other business entities.” In fact, every form of small business return, including LLCs, partnerships, and S-corporations are the targets of new enforcement efforts by the IRS, which believes huge amounts of small business income goes unreported each year.
Read how you can avoid an audit by the IRS >>
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