..”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……
Month: March 2012
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.