The Taxman Cometh

by Larry Emmott on November 2, 2012

in Management

FYI

According to IRS statistics, from 2009 to 2011, the coverage rate (number of audits as a percentage of total returns filed) for corporations with assets between $10 million and $50 million has increased 32%. …Those with incomes $200,000 and higher have seen a 36% increase in their coverage rate.

via TaxProf Blog: IRS = Income Redistribution Service.

Based on this article the IRS has significantly upped the audit rate of small businesses, which of course includes most dentists.

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