Wednesday, 14 March 2012

Crucial Tax Rules!

Crucial Tax Rules:

1. Demarcate personal & business life clearly for tax purposes. Clarity always helps!

2. Maintain sufficient back records - most of the IRS audits are correspondence audits looking for substantiating tax documents!

3. Take good care of your information records such as Form 1099s - regardless of whether you are a payee or payor!

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