Here’s a fact every business owner should know:
Using tax preparation software for your business can be a dangerous business!
Why? Because your odds of getting all your numbers into the right categories listed by your software are slim. Which invites an audit from the friendly IRS. Oh, sure. You can buy some type of audit defense or “representation insurance” to protect yourself, but it doesn’t always deliver as promised.
You’ll get the whole story when you read my new article titled Tax Tips: IRS Audit Defense Insurance Fails Totally.
Three ways our fact-filled article can help you:
- You’ll learn why using a professional tax preparer can be a very smart move. An experienced pro can help you avoid errors and make sure you get every deduction that’s coming to you. What’s more, using a professional tax preparer reduces your chances of an IRS audit! You’ll learn more when you read the full article.
- We’ll tell you why to avoid buying audit defense insurance. The simple truth is, audit-defense insurance can give you a (dangerous!) false sense of security. Don’t forget, if you’re audited you’ve put your faith (and money) in the hands of strangers. Often, the outcome is not pretty. Get the whole story when you read the full article.
- We’ll explain the unpardonable sin. When you go yourself or send a representative to an IRS audit—that first impression is most important. If you or representative present lousy records, what does the IRS think about the rest of your records? Right, they are ALL lousy. Learn how to create a GREAT first impression when you read the full article.