IRS Audit and Individuals
February 6th, 2009 by
admin
An IRS audit for an individual is different from an IRS audit for business or a corporation. An individual files the IRS tax form 1040 whereas businesses and corporation file different tax forms. Married couples can file taxes individually all can file a joint tax return by the are considered individuals according to the IRS.
As sole proprietor is also an individual because he or she has not incorporated his or her business and operate under the business tax return.
Some people start a corporation or an LLC to limit their liabilities. Usually a small business will not incorporate or set up an LLC but a big business would.
Posted in Reference |
No Comments »