3 Common Errors to AVOID When You File Your Business Tax Return
Today is the first day for IRS to accept tax return for year 2022, are you ready? With the 80 billion funding going to the IRS, it is becoming more important for you to stay in compliance and follow the rules when you submit your business tax return. In this video, we discuss 3 common mistakes business owners make when filing their tax returns mainly:
1) Claiming auto deductions using guesstimates with no mileage log.
2) Maximizing home office deductions by claiming common area in your home.
3) Claiming business expenses without adequate supporting documents.
If you want to avoid the chance of being audited, please check out this video.