The announcement that the Internal Revenue Service plans to audit 5,000 S corporations has drawn fire from the National Federation of Independent Business, a small-business advocacy group with over 600,000 members.
"The notion that the IRS is embarking on the hunt of small business merely as a way to learn more about how small businesses are adhering to tax compliance requirements, is like heading off to the zoo in search of a safari," said executive vice president of the NFIB Dan Danner, in a statement.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access