abctax55
Level 15
05-21-2021
12:03 PM
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@BobKamman I've been doing this long enough to know how audits work. Not everyone gets audited. This *potentially* opens up that can of worms if the IRS is provided info showing gross receipts (i.e deposits reported by the bank) that is more than reported as income on Sch C (for example). Will they now automatically send a mismatch notice?
HumanKind... Be Both