Realtor and IRS Audits

Yes, It is an unfortunate truth that Realtors have one of the HIGHEST rates of IRS audit in comparison to other professions.  This is primarily due to the fact that Realtors in general are NOT W-2 employees but rather 1099 independent contractors.  This may not sound like a big deal but in fact its a HUGE disadvantage!  Did you know that you are SIGNIFICANTLY more likely to get AUDITED by the IRS if you file a schedule C (independent contractor) form?  You do not have to take our word for it, look at the 2015 data table from the IRS below:

irs_data_book_audit_rates_2015 finalized

Forming a PA will not only greatly reduce your chance of a dreaded IRS audit, it also offers MANY additional financial benefits as well!  Click below to learn more about how a PA can save you thousands!