The IRS and auditing

The IRS will randomly audit a business. There is nothing to be worried about if the business has accurate records and keeps their financials in order. There are 3 types of audits: 1) correspondence (through the mail); 2) field (at your location); 3) office (at the local IRS office). The IRS will notify you what documentation they are looking for so there won't be any surprises. You will have time to make sure you are well prepared in advance and avoid requesting a postponement. Postponing just drags out the process.

The IRS wants to work with you. If you end up oweing money, the IRS will work with you on paying your taxes. There are payment options so work with the IRS to what you can reasonably pay and stick with the plan.