You must establish profit motive to use the schedule C tax form. Learn how to report business losses on your Schedule C form to avoid a tax audit from the IRS in this free personal finance video from an experienced accountant.

Expert: Diana Crawford
Contact: www.cmccpas.com
Bio: Diana Crawford is a CPA with more than 20 years of public accounting experience. She is a graduate of Georgia State University with a bachelor’s degree in accounting.
Filmmaker: David Clarke

Duration : 0:1:46

[youtube J8tEoPqjOxo]

Tags: income tax, tax, tax audit, tax forms, taxes

This entry was posted on Saturday, July 24th, 2010 at 5:40 am and is filed under IRS Audits. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.