When filing the tax return, income tax planning not only helping to make the process easier, but also its niche to avoid the IRS audit. There are times, IRS will be elected to audit the records and some of the income tax planning options to avoid this IRS audit.
To prepare the tax return selects the CPA: Filing their own tax return is a good idea for short form, but the issues will come when a person are not aware of regarding tax law changes. A CPA assists to keep in legal manner. Keeping meticulous records: Ensuring a complete, accurate and good tax return depends on records what they keep. Report all Income: Money which comes in must be recorded in the income tax return File promptly: Income tax return should be done in appropriate time. Attach copies: Attachment of copy is needed while doing large deduction in an audit.
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AuthorKervin Kupp Archives
April 2020
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