10 IRS Audit Risk Red Flags & Triggers for Small Business скачать в хорошем качестве

10 IRS Audit Risk Red Flags & Triggers for Small Business

An IRS audit can be a stressful experience for any small business owner. It's time-consuming, can be expensive, and could result in owing additional taxes. In this video, we'll break down the IRS audit process for small businesses. We'll cover the common red flags that trigger an audit, for a small business Technique Guides used by IRS auditors: https://www.irs.gov/businesses/small-... Get your tax refund faster: https://bit.ly/e-file-taxes Get a tax refund loan/cash advance on your tax refund: https://bit.ly/ez-cash-advance File and print your taxes for free: https://bit.ly/FreeTaxCom Ugh 🤦🏾‍♀️ - the CPA in me is always looking at the money! So, if you buy something through a link, I might get a commission. ----------------------------------------------------------------------------- As a former IRS Agent, I try to explain federal taxes to defend against an audit. While there are no guarantees, it’s good to have an insiders view. ❣️ Need more information? Contact us. N/A #irsaudit 00:00 - Small business audit red flags 00:24 - Foreign Bank Accounts and Assets 01:17 - Lots of Zeros or Multiples of Five 02:03 - Underreported Income 02:44 - Your Deductions Are Too High 03:52 - Claiming Business Losses Year After Year 04:47 - Income and Expense Fluctuations 05:38 - Net Operating Losses 06:16 - Independent Contractors 07:20 - Late Payroll Taxes 08:09 - Home Office Deduction TRANSCRIPT: No small business owner wants to be contacted by the IRS for an audit. It takes up a lot of time, the business may have to pay a CPA to represent the business during the audit, and the business could potentially owe more taxes once the audit is over. No matter what, any business can be selected for an IRS audit but here are ten IRS audit red flags and triggers that could put your small business at a greater risk of being audited. ABOUT US: Welcome to Tax Axe! It’s time to learn some federal income tax strategies. It's true taxes can be complicated, so we’re here to help you navigate it. On our channel, we believe you shouldn’t have to pay more tax simply because you don’t have enough knowledge on the subject. Ready to learn? 👉 𝐈𝐟 𝐲𝐨𝐮 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬 𝐯𝐢𝐝𝐞𝐨, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐥𝐢𝐤𝐞 𝐢𝐭 𝐚𝐧𝐝 𝐬𝐡𝐚𝐫𝐞 𝐢𝐭. 👉 𝐃𝐨𝐧'𝐭 𝐟𝐨𝐫𝐠𝐞𝐭 𝐭𝐨 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐮𝐩𝐝𝐚𝐭𝐞𝐬    / @tax-axe   MEDIA COURTESY OF: