The Internal Revenue Service has started accepting taxpayer records in electronic format from small businesses using Intuits QuickBooks and Sages Peachtree accounting software for audits and examinations.
Business owners and tax professionals have been advocating that the IRS begin accepting taxpayer records in electronic format instead of continuing to use traditional paper books and records for audits, the IRS noted. The IRS Small Business/Self-Employed Examination Division is responding to those wishes expressed in tax practitioner focus group interviews conducted at the 2008 Nationwide Tax Forums and from other stakeholders.
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