The IRS is adjusting its sights on the way it conducts businesses audits. In a recent study of more than 6,000 employer audits, the IRS has identified areas where they have seen the most issues. Below are the ones that equestrian businesses should pay attention to: - 1099s - Employee versus Independent Contractor - Fringe Benefits This new data could lead to an increase in audits on the types of businesses that were found not in compliance. As we know, equestrian businesses are one of those targeted groups.
Posted on: Tue, 13 May 2014 19:00:01 +0000