..”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……
1. Income drops.
2. Overlook a 1099.
3. Work for yourself.
5. Home office (or car) expenses.
IRS estimates that 17 percent of taxes owed were not paid, leaving $450 billion underpayment more
( i.e. …. hold on to your wallets and document everything ! )