Internal revenue service (IRS) is a confederate agency of the United States formed for the
purpose of collection and administration of taxes and its related laws.
IRS provides a lot
many opportunities to the individuals and the organizations to save their...
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Internal revenue service (IRS) is a confederate agency of the United States formed for the
purpose of collection and administration of taxes and its related laws.
IRS provides a lot
many opportunities to the individuals and the organizations to save their tax liability, but
ultimately it depends upon the authenticity of the accounts of the organizations especially
at the time of audit.
In case the records are not authentic it will be quite difficult for them
to defend against IRS.
The chances of audit by IRS depends upon various factors such as the amount of income,
profession pursuing, the place of business, transactions, the large amount of charitable
donations and many more.
IRS considers omnifarious determinants before deciding upon
selection of an organization for the tax audit.
Audit by IRS is not necessarily conducted just
because of fallacious records.
IRS selects the firms for audit through various ways such as
random selection or when the record of the organization doesn
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