Archive for March, 2012

13
Mar
12

IRS faces lawsuit

..”These licensing requirements impose a substantial burden on small tax preparation businesses and independent tax return preparers, many of whom prepare taxes on a part-time or seasonal basis,” IJ’s attorneys argued in a statement. “Many of these independent preparers and small businesses will have to either stop preparing taxes or raise their prices……

more

11
Mar
12

Audit Warning Signs

1. Income drops.

2. Overlook a 1099.

3. Work for yourself.

4. Losses from a hobby.…business “must be entered into and conducted with the reasonable expectation of making a profit.”

5. Home office (or car) expenses.

more….

 




Follow

Get every new post delivered to your Inbox.

Join 33 other followers