For those who own a small business, there are many tax deductions available if you are prepared. To reduce the amount you owe and save money with the Internal Revenue Service (IRS), here are some things to consider:

The IRS, armed with more funding and smarter computers, is planning to amp up its audits of individual taxpayers this year. Despite the fact that if you have high income you are less likely to simply fall below the radar, having a lot of money alone is surely not the only factor that can trigger an audit. In actuality, last year, only about 6.4 percent of the country's 440,000 highest-income tax payers were audited.

The IRS allows individuals and businesses to claim charitable donations as a way to reduce their tax liability each year. If you wish to lower the amount you owe to the Internal Revenue Service (IRS), you may wish to consider donating to a charity. When you donate, you not only help reduce the amount you owe the government in taxes, but you also help your community and positively impact the lives of others. There are plenty of fantastic charities to choose from. If you are thinking about donating as a way to help reduce your taxes, here are some things to consider:

There are many ways to support one's favorite charity. Donating one's time and resources is always welcome. People can give money, food and used items like shoes, clothes and furniture. Donating a car is another thing they can do, and get a tax deduction in the process.

There are many ways to support one's favorite charity. Donating one's time and resources is always welcome. People can give money, food and used items like shoes, clothes and furniture. Donating a car is another thing they can do, and get a tax deduction in the process.

Ah, the Internal Revenue Service. We have all seen television shows and movies depicting a lean, mean tax auditor terrorizing a protagonist about their tax returns in person. But don't fret too much if you receive a letter in the mail from your friends at the IRS. If you do your best to abide by the laws, and aren't a millionaire with a secret offshore account, chances are that your letter from the IRS isn't informing you that you are going to have to suffer through an audit in person.

In parts one, two and three in this four part series of articles about mail correspondence with the Internal Revenue Service, I wrote about the three types of mail correspondence that you may get from the IRS: "correspondence audits," "CP-2000 letters" and "math error notices" and explained what each one meant and the issues involved with each. Now I will write about what to do to try and avoid ANY correspondence with the Internal Revenue Service at all.

In part one in this four part series of stories on mail correspondence with the Internal Revenue Service, I wrote about the three types of mail correspondence that the IRS might send you: "correspondence audits" which are audits by mail, "CP-2000" letters, which inform taxpayers that they left some income off of their returns, and "math error notices."

In part one of this three part series I wrote about different kinds of audits that you can receive by the IRS. An audit by correspondence, and an audit in person - when an auditor gets sent to look through your tax return in person. I mentioned that this second kind of audit is rare, and therefore very serious, and that if you are getting audited in person, you should definitely seek the help of an experienced tax representative.

In part one of this series of articles on being audited by the IRS, I spoke about the two types of audits you could receive. I wrote about audits by correspondence in mail, and audits in person, and pointed out that audits in person are far more rare and serious. In part two I urged you to seek the help of a skilled tax representative and told you a little about the process. In this part I will finish by telling you what you can expect when you receive an audit in person with a tax or legal representative to help you.