A side-by-side comparison illustration in a clean, modern style. On the left, a stressed person (a sole proprietor) holds a 'Schedule C' form that has a large red flag on it, attracting a large magnifying glass from the 'IRS'. On the right, a confident business person (S-Corp) stands behind a strong 'S-Corp' shield, which is deflecting the IRS's attention.

The #1 Tax Mistake New Entrepreneurs Make: Is Your Schedule C an Audit Risk?

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  Is Your Tax Form Your Biggest Risk? Starting a new business is exciting, but a simple tax form—the Schedule C—could be a giant magnet for an IRS audit. Learn the risks of being a sole proprietor and how an S-Corp can offer protection. So, you’re starting your own business! That’s fantastic. Your head is…