Quote:
Originally Posted by Rogean
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Any smart business owner is also exaggerating expense deductions to pay less taxes [You must be logged in to view images. Log in or Register.] |
Be very careful about this and compare them to the IRM for what the IRS considers acceptable expense amounts depending on your industry. Many of my clients were 1099-MISC contractors / self-employed individuals who thought along these lines, got audited and now owe $40k +.