In an effort to close the growing $450 billion tax gap, the IRS announced it will be coming down hard on small businesses in 2013, whom the agency believes are underreporting their earnings and contributing to an astonishing 84% of the total tax gap, or $387 billion. At national and regional tax forums held throughout this past summer, the IRS highlighted particular areas of focus for small businesses in the coming year.
via Small business tax compliance will be on the IRS radar in 2013 | 1099News.
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