Why The IRS Is Cracking Down On Small Businesses

Here's Why The IRS Is Cracking Down On Small Business
WASHINGTON, DC - JULY 22: The Internal Revenue Service Building is shown July 22, 2013 in Washington, DC. Due to current shortfalls in the federal budget, all Internal Revenue Service operations are closed today, with another furlough day scheduled for next month. (Photo by Win McNamee/Getty Images)
WASHINGTON, DC - JULY 22: The Internal Revenue Service Building is shown July 22, 2013 in Washington, DC. Due to current shortfalls in the federal budget, all Internal Revenue Service operations are closed today, with another furlough day scheduled for next month. (Photo by Win McNamee/Getty Images)

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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