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At Mendes Weed, LLP, we advocate for our clients to the fullest extent of the law. Part of our advocacy is helping our clients keep informed of news and information that may affect their livelihood, their family, and their business.
Since this is the time of year many people are preparing to file their 2017 tax return, we wanted to bring to attention that IRS tax audits for self-employed individuals are on the rise.
If you are self-employed, you need to be especially meticulous about your business. Failing to follow the tax laws could cause substantial harm to your business finances if you are audited by the IRS, and no one wants to go through that trouble, stress, and hassle.
Please consider these tips:
In addition, with the recent changes to the tax laws, it is important to meet with a tax lawyer if you have any questions about possible changes to your business.
If you are a self-employed individual and have a complex tax matter that needs the attention of a tax lawyer, contact Mendes Weed. You can also view the services page of our website to get more information.
Disclaimer: The tips and materials provided on this page are for informational purposes only, offered as public service. No information on this website should be considered legal advice or used as a substitute for legal advice. For legal advice, you should contact an attorney directly.