It will be interesting to see what the IRS Audit activity is in 2021.
Schedule C reporting and High Risk predictors in TurboTax remain valid as these are based on IRS historical patterns observed.
These are often behavioral and percentage based indicators that likely are still valid in a COVID environment.
For example: a business that typically has gross income of $100K and $15K in supplies wouldn't have gross income of $20K and $10K in supplies in a COVID environment.
