Home office expenses might be one of the most feared business deductions due to concern over disallowance by the IRS. Thus, many taxpayers entitled to the deduction don’t claim it.
CP-2100 letters come to your business from the IRS. These letters notify you that the social security number you put on 1099 doesn’t match what’s in the IRS’s system.
Blockchain and cryptocurrencies such as Bitcoin have been getting headlines for years now, first because of their increasing value, and lately because of a crash in value.
This webinar will cover what the IRS looks at when auditing whether a worker is an employee or a contractor. We will cover the current “3-factor” standard the IRS uses, as well as the older “20-factor” standards. We will also discuss the relief options available if you get audited and the IRS reclassifies contractors as employees.