LBCPA News
Click here to go backTHIS MIGHT GET YOU INTO A LOT OF TROUBLE
Not Reporting all Taxable Income
Data Entry Errors
Participation in a Tax Shelter
Rental Losses
Failure to properly pay household help
Large travel and entertainment expense
Discrepancy Between Individual Taxpayers and Corporation Filings Associated to Taxpayer
Self Employed (not reporting profit in 3 out of 5 years)
Large charitable contributions
Home office deductions
Not Hiring a Reputable Tax Preparer
Claiming 100% business use of a vehicle
If you have any questions regarding Essential Business Accounting, Domestic Taxation, International Taxation, IRS Representation, U.S. Tax Implications of Real Estate Transactions or Financial Statements, please give us a call at 305-274-5811.
Source: IRS