You already know audits are a numbers game — the IRS targets returns where the revenue potential justifies the cost of examination. What that means in practice: as your income scales, so does your audit exposure. The question isn’t whether to take deductions. It’s whether your positions are structured to survive scrutiny without giving the IRS a foothold to expand the scope. Here’s what audit-proofing actually looks like at the high-income level — beyond the basics. Know What

Running a business comes with no shortage of decisions, but few carry as much long-term financial weight as choosing the right entity structure. If your LLC is generating $40,000 or more in net profit annually, it may be time to consider converting to an S Corporation — and the tax savings could be significant. Learn when it makes sense to make the switch and what you need to know before you do.