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Aliya Mustafina of Russia acts during a balance beam event of women's individual all-around of Artistic Gymnastics at the 2016 Rio Olympic Games in Rio de Janeiro, Brazil, on Aug. 9, 2016. Aliya Mustafina won the bronze medal. (XinhuaZheng Huansong)

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Avoiding an Income Tax Audit if you are a Small Business


There’s something about just sitting down with an IRS income tax auditor that can get to even the most self-composed and mature men. The bad news is, if you are self-employed, and your way of filing your tax return is to innocently do it with a Schedule C, you are already on the IRS shortlist for an income tax audit. What did you do to deserve that? It’s just that you’ve been personality-profiled – they figure that anyone who runs a business michael kors bedford bag uk , is bound to try to disguise personal expenses as business ones, and claim deductions on them. They typically earmark 50% more auditors to audit firms and the self-employed pool, than they do for the salaried W-2 pool. But there is still a lot you can do, to keep out of their sights.


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