You’re far more likely to hear from IRS auditors if you fall into one of these categories:

A recent study showed IRS audits of small business (those with under $10 million in assets) have increased 41% in two years.The news isn’t much better for companies with between $10 and $50 million in assets. They’re getting more attention from IRS too.  In fact, total audits for that group is up 29% since 2005.

The information comes to us from a study by the Transactional Records Access Clearinghouse.

Tags: Audits, IRS, Tax compliance