"What if I get audited?!?" If the IRS sends you a letter, you show it to your CPA and follow their instructions. They usually resolve it.
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Your life will not be over. You are unlikely to be threatened. Your counterparties are like DMV clerks except with extra niceness training.
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I think the worst case is that you didn't keep the records your accountant needs and/or the IRS wants. PSA: KEEP GOOD RECORDS!
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