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re: 63% of new IRS audits were on folks making less than $200K.
Posted on 5/10/24 at 2:54 pm to HubbaBubba
Posted on 5/10/24 at 2:54 pm to HubbaBubba
quote:Yup.
Small businesses where owners pull in under $200k in personal income are low-hanging fruit for the IRS and these same people are typically easy to intimidate if they aren't using a good CPA and/or tax attorney to help guide them on their investments in the business and how to properly manipulate the business to maximize LEGAL use of funds in certain questionable, but legal, strategies.
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