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In early 2 0 2 3 , the IRS selected Amber s 2 0 2 0 return for audit with respect to Schedule C expenses

In early 2023, the IRS selected Ambers 2020 return for audit with respect to Schedule C expenses claimed on the return. Amber met with an IRS agent, who disallowed many of the expenses and who claims that Amber owes $2,500 of additional taxes. Discuss Ambers alternatives.

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In this scenario Amber is facing an IRS audit regarding her 2020 tax return specifically related to Schedule C expenses The IRS has disallowed some of ... blur-text-image

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