BizSugar.com › Taxes › S-Corp Audit Rates Inch Down, But Most Targeted Are Compliant

Here’s some good and bad tax news for owners of Subchapter S-Corporations.
The good news is that your chances of getting audited remained low last tax year, and are not expected to increase this year. That should be some solace for tax-compliant small business owners concerned about unnecessary examinations by the Internal Revenue Service (IRS).
The bad news is that the majority of those burdened by examination will likely be compliant taxpayers who shouldn’t have been bothered by the IRS. So much for the solace.