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How Corporations Reduce IRS Audits of Home-Office Deductions

by Firm Staff on Sep 16, 2019

Tax Planning, Business Planning

If you filed your business income and expenses as a proprietor in 2017 and reported $100,000 or more in gross receipts, your chances of IRS audit were 2.4 percent (2017 returns are still open for audit, so the percentage could increase).

Had you reported this income as an S corporation, your chances of audit were only 0.20 percent.