I operate two businesses, a C-corp since '87, and an S-corp since '96.
Neither has ever been audited, and my accountant says the odds of an IRS
audit these days for any business under $1M are hundreds to one. The
same goes for state tax agencies as most are woefully understaffed. They
apply resources where they expect to get the most revenue.



Steve Smith wrote:

A serious drawback of consistently showing a loss is that sooner or
later you get audited.
One audit will make you regret every penny saved.

Steve