Tips for avoiding an IRS audit

03/13/2011 | Bloomberg Businessweek

Small businesses and their owners are more likely to be the subject of tax audits, says CPA Scott Berger, who notes that red flags include sole proprietorships that report losses every year and minimal pay for shareholders or officers. Berger recommends keeping stringent records for your business and making sure business records are completely separate from personal ones.

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Bloomberg Businessweek

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