IRS Releases Small Business Audit Guide

Many people have suggested that the only certainties in life are death and taxes, and we can’t help much when it comes to that first inescapable thing.  But small business owners who are worried about tax audits may be pleased to hear that a new guide has been issued.

Put out by the IRS itself, "Your Guide to an IRS Audit" is a sort of slideshow/video series that starts with a welcome and then moves on to ten different lessons.  These cover everything from "What is an IRS audit?" to "What happens when you disagree with the audit findings?"

Then a lesson called "If you owe, what are your payment options?" caps off the series.

All in all, the series is "designed to provide basic information regarding the small business audit process," according to the IRS.

It looks rather helpful, with theoretical businesses and situations set up so that small business owners can see how the lessons apply in real life.

But we won’t blame you if, after watching the series, you still cross your fingers that a tax audit (along with death) isn’t in your near future.