Don’t let what happened to Jim and Martha Flake happen to you.
Because of bad recordkeeping, they attracted the attention of the IRS.
The result? They had to visit with an IRS agent every two weeks for about a year!
How can you stay on Uncle Sam’s good side and avoid the two mistakes that got the Flakes in hot water?
Easy. Read my new article titled Tax Tips: IRS Asserts Fraud and Crushes Failed Mileage Log.
Three ways our fact-filled article can help you:
- You’ll learn why it’s so important to keep an accurate mileage log. Jim and Martha didn’t and, boy, did they pay a high price! We’ll tell you six facts you need to know about maintaining a mileage log that stands up to IRS scrutiny when you read the full article.
- We’ll tell you about other challenges the Flakes faced. The couple had accumulated $177,000 in a fireproof box which they then deposited in a bank. The IRS pounced and charged them with fraud for underreporting income. Find out how to avoid their fate when you read the full article.
- We’ll show you four ways to stay out of trouble. Want to make sure that you’re in compliance with the law and will never have to face the IRS’s wrath? Now’s the time to read the full article.