Full access to Entrepreneur for $5

Hidden Assets

Don't try to hide: The IRS is looking harder than ever for unreported income.

This story appears in the January 1996 issue of Entrepreneur. Subscribe »

As 1996 dawns, you may want to be especially careful with your record-keeping. Why? Because a revived IRS program will be peering into your lifestyle if you're unfortunate enough to be selected for an audit. It's all happening under the guise of something called "economic reality."

Come again?

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!