Tax Resolution Tip for Home-Based Businesses

Today’s Tax Resolution Tip:

Do you own a home-based business? Ensure you can easily track your expenses by saving a copy of each and every business transaction and deduction!

While good record keeping is a great practice when it comes to filing taxes, it is all the more important if you own a small home-based business. If the IRS decide to audit your business you need to show proof of every deduction and expense you’ve claimed.

Make your life easier and be audit-savvy!

For more information on IRS tax audits, including how to avoid them and survive an IRS audit letter, visit our audit FAQ page.

For more tax relief advice visit our Tax Help Articles and check out 365 Ways to Keep the IRS at Bay for more daily tax tips!

More Tax Help, IRS News and Tax Relief Tips:

  1. Tax Resolution Tip: Be Ready for an Audit with Relevant Proof of Transactions
  2. Michael Rozbruch Interviewed in Opportunist Magazine
  3. Tax Resolution Tip: Check ALL IRS Correspondence
  4. Tax Help News Round Up – IRS Payment Options and Tips, Warning for Offshore Account Holders, Musicians in Tax Trouble, IRS Novels and More!
  5. IRS Tax Help Basics for the Self-Employed

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One Response to “Tax Resolution Tip for Home-Based Businesses”

  1. Tax Attorney Resources and Tips to Help Resolve IRS Tax Problems Says:

    [...] Home-based businesses – protect your business against an IRS audit by tracking your expenses. Save a copy of all business transactions and deductions! And if the IRS decide to audit your business, you can show proof of every deduction and expense you’ve claimed. [...]

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