{"id":103,"date":"2012-10-03T10:30:00","date_gmt":"2012-10-03T10:30:00","guid":{"rendered":"http:\/\/smallbizsurvival.com\/?p=103"},"modified":"2014-08-27T07:44:55","modified_gmt":"2014-08-27T12:44:55","slug":"irs-will-begin-to-look-closely-at-e","status":"publish","type":"post","link":"https:\/\/smallbizsurvival.com\/2012\/10\/irs-will-begin-to-look-closely-at-e.html","title":{"rendered":"IRS Will Begin to Look Closely at e-Commerce"},"content":{"rendered":"
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By Glenna Mae Hendricks, E.A.\u00a0<\/span>
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\n<\/span>Last month, the IRS updated its Audit Techniques Guide (ATG) for cash-intensive businesses and the complexities of e-commerce. This means they will ramp-up the number of audits for businesses in this area–the IRS likes to go where they feel there is a large amount of money to be gained and a good likely-hood of conducting a successful audit. (Kind of sounds like why you do business where you do, doesn’t it?)<\/span><\/div>\n
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\"HP<\/a><\/td>\n<\/tr>\n
Money you make online will be scrutinized
\nmore carefully by the IRS.
\nPhoto by Becky McCray.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The IRS\u2019 interest in this area is part of its compliance efforts aimed at closing the tax gap, which is the difference between taxes owed and taxes actually paid.\u00a0<\/span>Small businesses are among the largest contributors to the $450 billion a year tax gap, and as they increasingly do business online, the IRS has become more interested.\u00a0<\/span><\/p>\n<\/div>\n

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For the\u00a0foreseeable\u00a0future, \u00a0the IRS will conduct a nationwide Compliance Initiative Project for emerging issues related to e-commerce. The IRS will look at unreported income involving e-commerce business activity, and in particular, the following issues:<\/span><\/span><\/div>\n