The IRS is contacting small businesses based on a determination that close to $450 billion of taxes goes uncollected and approximately $140,000 billion of that amount is owed by small businesses. By identifying small businesses with high credit card sales, the IRS is confirming that cash sales are not being under-reported. For more details, see the CNN Money article written by Jose Pagilery.
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IRS Targets Small Businesses for Tax Payments
On Behalf of Law Office of Williams & Associates, P.C. | Aug 22, 2013 | IRS |
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