As an owner of a small business, I am really concerned that an Obama victory would intensify IRS audits on small businesses and high income taxpayers. Are my concerns well founded or am I being too concerned or paranoid?

1. Will business expenses get more IRS scrutiny?

2. Will IRS get tough with taxpayers?

Some how I feel that collections have to increase 2-3 fold to fund the deficit and scores of programs that the Democrats have promised! How else can they pay for these programs?

I think that the Obama Presidency would be faced with the highest budget deficit in the history of the US, and with the increasingly expensive programs espoused by President Elect Obama, I really think it would be imperative that the IRS would be forced to increase tax revenue through tougher compliance and more aggressive audits!

So, small businesses be careful about taking aggressive deductions, Uncle Sam would be scrutinizing you even more!