Not-for-Profit Tax-exempt organizations, considered taxpayers by the IRS, are subject to IRS audit examinations. IRS audits are often costly, time consuming, and embarrassing when the circumstances of audit exceptions are revealed. The IRS has the advantage over the not-for-profit organization selected for an audit. The audit plan of action formulated by the organization should be designed to take the advantage away from the IRS.
Download this article: Handling IRS Audits (3)