IRS plans to increase audits for small business entities

Faris Fink, commissioner of the Internal Revenue Service’s Small Business/Self-Employed Division, reportedly told attendees at a recent AICPA conference that the Service intends to increase its auditing efforts among small business partnerships and other flow-through entities.  Fink added that the strategy would include training agents to look more closely at flow-through entities.

Fink’s comments didn’t make any mention of increased audits of the partners and/or shareholders flow-through entities, but by extension, that has to be the intent!

About jgrahamcpa

CPA. Record label owner (Two Sheds Music). Music/sports junkie. Lebanese food enthusiast. Unhinged Braves / Crimson Tide fan.
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