Category Archives: Tax audits

Schedule Cs in the IRS’ Bull’s-eye

Schedule C is the form that unincorporated sole proprietor businesses use to report their income and expenses as part of their individual tax returns. Schedule Cs have been center stage in recent IRS “tax gap” estimates. The tax gap is … Continue reading

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Posted in Choice of Entity, IRS Tax Problems, Tax audits | 1 Comment

Independent Contractor versus Employee Status – A New Focus of the IRS

If you are a small business owner, whether you hire people as independent contractors or as employees will impact the amount of taxes you withhold from their paychecks, as well as how much and what types of taxes you pay. … Continue reading

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Posted in Payroll, Tax audits | Leave a comment