You may have heard that IRS audit rates are down. But that’s not the case with payroll tax audits. The reason: More than 75% of the federal government’s daily operating revenue comes from payroll taxes. And the Biden Administration has announced big plans to ramp up IRS auditing and enforcement.
One simple mistake by HR or payroll can trigger an IRS audit that is enormously expensive—in terms of dollars and your career. Yet most companies have no idea what the IRS is looking for … or which red flags are currently in their own books.
Learn the steps you should be taking now to sidestep unwanted attention from the IRS. Discover how an audit can begin, what the IRS is looking for these days and the do’s and don’ts to survive any flavor of audit. This information is critical for any payroll department.