There is a saying out there that we've heard, "You will get sued." It is a bit dark and depressing, but in a litigious industry like trucking, it can be more accurate than we would like to admit. The point behind the saying, of course, is that it is better to prepare for the worst in case the worse should happen.
For owner operators or owners of trucking fleets, we would like to add to that saying.
"And you might get audited."
An audit can be terrifying if you haven't maintained healthy bookkeeping habits. And unfortunately, if you're holding an audit notice from the IRS it is a little late to start good habits. There are, however, plenty of things you can do to proactively prepare for the possibility of an audit in case you are selected by the IRS.