09/02/2026
For most taxpayers, an IRS audit is relatively uncommon. However, that does not mean you should overlook the importance of accurate financial records.
Q: What if I am audited years after filing?
A: The IRS generally has 3 years to assess additional tax, although this period can extend to 6 years in certain circumstances.
Q: What records should my dental practice keep?
Make sure you can properly document:
• Practice expenses and equipment purchases
• Continuing education expenses
• Business mileage and vehicle use
• Payroll and contractor payments
• Office rent and operating costs
• Business deductions
• Bank and credit card transactions
• Accounting records and reconciliations
Q: What happens if I cannot provide documentation?
Even if an expense was legitimate, it can be difficult to defend without supporting records. An IRS examination could result in additional tax, penalties and interest.
The bottom line for dentists:
Do not keep your books clean because you expect an audit. Keep them clean because your dental practice deserves accurate financial records all year round.
At Profiter CPA Group, we help dental practices stay organized, understand their numbers and prepare for tax season before it becomes a scramble.
Is your dental practice audit-ready?
Contact Profiter CPA Group to discuss your accounting and tax needs.
This post is for general educational purposes and is not tax or legal advice.
