Wednesday 14 August 2013

IRS probing thousands of small businesses, raises eyebrows in Congress

The Internal Revenue Service has sent letters to thousands of small business owners questioning whether they shorted the coffers this past year, sparking criticism from some lawmakers who believe the agency is bullying mom-and-pop companies.
Under the heading “Notification of Possible Income Underreporting,” the letters started going out to small employers this summer demanding they review and confirm that they accurately reported their income on last year’s tax returns.
Read more here:http://www.washingtonpost.com/business/on-small-business/irs-probing-thousands-of-small-businesses-raises-eyebrows-in-congress/2013/08/13/50030296-0417-11e3-9259-e2aafe5a5f84_story.htmlhttp://www.washingtonpost.com/business/on-small-business/irs-probing-thousands-of-small-businesses-raises-eyebrows-in-congress/2013/08/13/50030296-0417-11e3-9259-e2aafe5a5f84_story.html

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