TAO Point - Tax & Accounts Outsourcing
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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