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Freelance? An IRS audit may be in your future

(Reuters) – This past New Year’s Eve, any impulse I had to ring in 2012 on a high note was drowned out by alarm bells from Uncle Sam. On that day, my wife and I received separate eight-page letters...

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59 Tips for the Self-Employed

Getting Started 1. Don’t operate as a sole proprietorship 2. Hire a professional bookkeeper 3. Outsource your payroll 4. Buy an accounting software package 5. Attend local new business owner courses...

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5 Slam Dunk IRS Audit Red Flags

Because in any given year the IRS is able to select for audit only a small percentage of tax returns, it employs a sophisticated system for choosing which returns to examine and which returns to...

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