The IRS is cracking down on small businesses
August 19th, 2013
06:25 AM ET
7 years ago

The IRS is cracking down on small businesses

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New York (CNNMoney) - Swipe your card at a local store and you might be creating some serious tax headaches for the business owner.

The Internal Revenue Service has sent out letters to 20,000 small businesses since fall 2012, notifying them of "possible income under-reporting."

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Filed under: CNNMoney.com • IRS
soundoff (3 Responses)
  1. Data Driven

    "There are 6 million small employers and 20,000 makes up less than half of one percent."

    So it's not much of a story then, now is it?

    August 19, 2013 09:48 am at 9:48 am |
  2. jpmichigan

    As a American tax payer, I question the legality of their employees rights to question only CERTAIN American tax payer and not others. When is the FBI going to do its job, is all of the Federal government from the President down not on the truthful path or are they all sliding more to the evil ways described by others. , No wonder we cannot/or should trust the Federal government.

    August 19, 2013 09:53 am at 9:53 am |
  3. Sniffit

    Good. If they're cheating, then string 'em up. Of course, 20,000 is a fraction of a percent, but let the hyperbolic Teatroll tantrums commence...

    August 19, 2013 10:21 am at 10:21 am |
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