Home Business Finance advice is courtesy of Allfreelancework.com. This article will help you with some practical advice to avoid red flags that trigger a tax audit.
Avoiding a Tax Audit | Getting Paid | Budgeting a Home Business Vacationing Away from a Home Business
by Rachel Goldstein
owner of Allfreelancework.com - 1000s of freelance jobs
You probably aren't too concerned about being selected for an audit. Well, if you're a freelancer, avoiding an audit should always be on your mind as you file your taxes. Why? Because, no matter how straight you play it, freelancers get audited much more than salaried employees do. No - the United States IRS doesn't have it in for independents, but the numerous deductions that we file set us apart from other taxpayers.
So what can you do to keep the IRS from noticing your return? Below find hints and suggestions to keep the IRS away! These tips are particularly relevant to those in the US, though other tax systems may be similar -- check with your accountant for details. And please note that the information provided here should by no means be used as a guide to filing your taxes! These are merely suggested tips and hints. Be sure to seek professional advice in taxation, as in all business matters.
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