High-Risk NAICS Codes and How to Avoid Them
CreditStrong for Business
OCTOBER 18, 2024
You must still be honest and choose one that accurately reflects your business activities. There may be consequences if someone discovers you’ve used an inappropriate code to avoid being labeled a high-risk business. For example, if your tax deductions are too different from other businesses with your NAICS code, the IRS may audit you.
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