Corporate & Securities Law
: California Business Law Blog2007: Time to Incorporate Your Sole Proprietorship?
IRS to Target Schedule C Filers:IRS to Target Schedule C Filers, About.com U.S. Business Law / Taxes, 25 December 2006
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.
Incorporating, while not a panacea by any means, nor appropriate for all small businesses, entrepreneurs, and those with side businesses in addition to W-2 income, can help reduce exposure to a time-consuming audit, as well as potentially offering tax and other benefits to business owners.
Full post as published by California Business Law Blog on January 19, 2007 (boomark / email).

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How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...
The company I worked for forced me to quit instead of dealing with someone harassing me, what can I do?
Look up CONSTRUCTIVE DISCHARGE...................this looks like what happened t...
Can my employer threaten me with termination if I don't seek a transfer to another department?
In many jurisdictions, employees are "at will". This means that their employmen...
What is the statute of limitations in New york State as to how long a person may claim heirship?
who has paid the taxes for the last 7 to 11 yrs ? you can take a house by openly...
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go to the court house where your father died or the county he lived in. It is pu...







