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Corporate & Securities Law

: California Business Law Blog

2007: Time to Incorporate Your Sole Proprietorship?

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IRS to Target Schedule C Filers: In a recent telephone conference, IRS commissioner Mark Everson said that they will be conducting more audits on individuals running unincorporated businesses (i.e. self-employed individuals). While Schedule C filers have long been audit targets for the IRS, they are now stepping up their audit efforts because they believe that self-employed individuals represent a large portion of those individual taxpayers underreporting their income.IRS to Target Schedule C Fi read more

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Full post as published by California Business Law Blog on January 19, 2007 (boomark / email).

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