Travel Agency Audit Preparation: Avoid IRS Red Flags & Pass State Audits

Learn how travel agencies and hotels can prepare for IRS and state audits, avoid common red flags, and establish controls that ensure compliance and financial peace of mind.

TRAVEL AGENTS FINANCE

1/1/20231 min read

a calculator sitting on top of a wooden table
a calculator sitting on top of a wooden table

How to Prepare for a Travel Agency Audit: Red Flags, Controls, and Surviving IRS (and State) Audits

Bullet Points:

  • Overview of common audit triggers for travel agencies and hotels

  • How tax authorities see travel industry risk areas

  • Clear list of IRS red flags specific to travel agent expense and revenue reporting

  • Best practices for internal controls to avoid mistakes

  • Document and recordkeeping tips for audits

  • Managing employee travel and expense reimbursements to pass scrutiny

  • How to handle Seller of Travel laws and client trust audits

  • Steps to take if an audit notice arrives

  • Real-world audit case studies and lessons learned

  • Free checklist to get ready for audits and minimize penalty risks

a computer generated image of a spiral
a computer generated image of a spiral

References

Disclaimer:
Content published by Antravia is provided for informational purposes only and reflects research, industry analysis, and our professional perspective. It does not constitute legal, tax, or accounting advice. Regulations vary by jurisdiction, and individual circumstances differ. Readers should seek advice from a qualified professional before making decisions that could affect their business.
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