Receiving an IRS audit notice is one of the biggest fears of cannabis operators. But if you’ve taken a proactive approach to tax planning and financial documentation, you have nothing to fear. In this video we discuss the various types of IRS audits, how to navigate IRS audit red flags, and what you can do to prepare for an audit.
Learn how to avoid IRS Audit Red Flags
Topics discussed include:
- How to Avoid a Cannabis IRS Audit
- What is an IRS Audit?
- IRS Red Flags to Avoid
- Five Tips to Prepare for an Audit
- Are IRS Cannabis Audits Likely to Increase?
- Final Thoughts
Final thoughts on avoiding IRS audits
Check out our topic hub addressing all things IRS Audit
If you have any questions about tax planning, maximizing deductions, or navigating an IRS tax audit, GreenGrowth CPAs is here to help! Just reach out to schedule a consultation or call 1-800-674-9050.