“The IRS’s small business/self-employment (SBSE) division employs the bulk of the agency’s auditors. The SBSE specifically targets unincorporated, small farmers, tradespersons, sole proprietors, consultants and other self-employed persons. The ostensible rationale is that these taxpayers have more opportunities to hide income. But a more important reason may be that lower-income taxpayers can’t afford effective legal counsel.  A recent study found that small firms without hot-shot tax counsel were five times more likely to be audited than larger entities with big-brand representation. Self-employed consultants and contractors were the choicest audit targets of all.”

http://thesovereigninvestor.com/2013/11/07/irs-coming-little-guys/

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