Fox News
August 10, 2013
Small business owners across the country are receiving letters from the IRS
questioning if they are reporting all of their cash income, in a new push by the
agency some are saying could unnecessarily create fear in the small business
community.
The Wall Street Journal reports the initiative is an attempt to respond to
what the agency feels is a widespread failure by small businesses to report all
their cash sales.
The agency says the letters are not the same as an audit, and it is simply
seeking more tax information from the businesses. However, some lawmakers and
business owners who received the letters say the initiative is alarming.
Read more
Sunday, August 11, 2013
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