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Description

This episode offers critical financial advice for small business owners navigating the current landscape of IRS operations, particularly concerning the significant reduction in their workforce. While this might suggest a lower audit risk for some, the discussion emphasizes that the IRS's sophisticated computer systems, which assign a "diff score" to identify potentially problematic returns, remain formidable. Learn about the challenges of resolving issues due to fewer IRS personnel and the importance of accurate tax preparation to avoid automated flags that could lead to aggressive notices or even direct account debits. The episode underscores that working with experienced accounting services to ensure precise and compliant tax filings is more crucial than ever to protect your small business from unforeseen complications.

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🎙️ Kaizen Time is part of the Blood, Sweat & Business podcast series by Kaizen CPAs + Advisors. We help small business owners make smarter financial decisions—without the fluff.

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