The “random” audits of small businesses and their owners’ tax returns by the U.S. Internal Revenue Service (IRS) to find unreported income has left the small business taxpaying community feeling like they are being picked on and unduly forced to go “through the wringer.”
That is according to Donald T. Williamson, a professor of taxation at American University’s Kogod School of Business, Washington, D.C., who says the growing number of IRS audits seem to disproportionately target small business taxpayers.
