You’ve gotten your letter from the vendor. The audit is coming and you’ve got to balance what licenses you have on your systems versus what you’re licensing contracts allow. The difference could cost ...

No one wants to be audited by the Internal Revenue Service (IRS), as it can be a stressful and potentially expensive process. While there’s no sure-fire way to prevent an audit, knowing the steps you ...

Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that I’ve seen commonly trigger an audit and discuss how to avoid these red flags.

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. This is the second part of my two-part Q&A with a tax-law expert, ...

In April 2022, we composed an article titled, “The Weaponization of Software License Audits.” It focused on how software license audits have long been used as a successful, revenue-generating tool for ...