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
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Electronic tax filers have less chance of being audited. Learn the difference between electronic and paper filing and which is the best method to avoid a tax audit from the IRS in this free personal finance video from an experienced accountant.
Unfortunately, there is no fool proof solution to avoiding an IRS tax audit but there are ways to avoid being a high risk for audit potential. Avoid excessive risk of being audited on a tax return with tips from an experienced tax professional in this free video on taxes.