Quite the opposite. In Texas, until a certain point in revenue, they really don't want to waste any time and resources on you. They ask "Did you make at least $1,000,000 last year? No? Well, please move along peasant, we have real businesses to deal with who might actually be worth auditing."
Makes sense, somewhat. Even in the case of minor fraud, they would likely spend more in manpower than they could possibly reclaim from such a low-earning outfit. You still have to file, of course, but it's properly simple if you didn't earn a significant amount.
Makes sense, somewhat. Even in the case of minor fraud, they would likely spend more in manpower than they could possibly reclaim from such a low-earning outfit. You still have to file, of course, but it's properly simple if you didn't earn a significant amount.
EDIT: corrected from $200,000 to one million.