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The Ohio Tax Department announced it is suspending audits of individuals who received compensation from a professional employer organization (PEO) the individuals didn’t own but who claimed a business income deduction against the compensation.
If you recently filed your 2016 income tax return (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by the IRS based on your filing. Here’s what every business owner should know about the process.
