David Megginson said:

> check with people who know.  I don't know U.S. professional fees that well, 
> but I'd guess that a full audit would leave a person at least USD 5K-10K 
> poorer just in accounting and/or legal fees, even if the auditors do not end 
> up finding anything wrong.
> 

Well...not with a Schedule C-EZ ;-)  Despite the odd and usually unconfirmed
horror story, the IRS is actually quite fair and reasonable.  Professional
fees should always be proportional to the sums at risk.  Otherwise you are
wasting time and money and so is the IRS.

Best,

Jim


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