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Who would the IRS audit - the flow-through entity or the tax

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Who would the IRS audit - the flow-through entity or the tax-payer?

© BrainMass Inc. brainmass.com October 15, 2018, 3:05 pm ad1c9bdddf - https://brainmass.com/business/auditing/irs-audit-flow-entity-tax-428270

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Who would the IRS audit - the flow-through entity or the tax-payer?

The IRS is more likely to audit a flowthrough entity than a taxpayer, but they could (and do) audit either. Flowthrough entities get audited more, particularly if they have between $10-50 million in assets. If the flowthrough entity misstates their financial data, it flows through to the taxpayer. It wouldn't ...

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The solution discusses who would the IRS audit - the flow-through entity or the tax-payer.

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