How far back can the IRS audit a business?

Answer For a general audit, the statute of limitations is three years after the income tax return is filed. However, if fraud is discovered, the IRS can go back as far as need be in order to obtain necess... Read More »

Top Q&A For: How far back can the IRS audit a business

How to Avoid a Business Tax Audit?

With IRS audits on the rise, knowing how to avoid or resolve tax problems could save you money and protect your financial future. For anyone planning to start and/or grow your business, it is more ... Read More »

Is an IRS tour of the business required of an audit?

According to the IRS, a tour of the business is a requirement during an audit. An auditor conducts a tour of the business facilities to confirm inventory, business size, number of employees and oth... Read More »

How to Audit Inventory for a Multinational Business?

The audit of inventory is an accounting process that seeks to ascertain the movement and consumption of a company's materials and finished products with the objective of identifying and reporting a... Read More »

How many years can the IRS go back on an audit?

While there is no statute of limitations on an IRS audit, they generally do not go back beyond 10 years. If it suspects tax fraud, the IRS can go back as many years for an audit as necessary to mak... Read More »