The IRS' Employment Tax audit initiatives focus on the practices of businesses and employers. Employers of all sizes and types are under scrutiny as the IRS looks for ways to collect additional revenue not currently being withheld by employers or paid to the IRS. Under the guise of information gathering, the IRS has been studying different types of businesses and learning more about business practices, cash flow channels, compliance practices and tax liability gaps and loopholes. The IRS has estimated that employers are underreporting and underpaying to the tune of approximately $14 billion annually.
At The Wilson Firm, our tax lawyers will work diligently to help your business confront the IRS' employment tax audit initiatives, and help minimize any negative impact on your business.