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5:34
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IRSvideos
Audit
July 2025 - The recently enacted “One Big Beautiful Bill Act” may have changed the information presented on this video. The IRS is currently working to update its content and will release new information soon. Max, a fellow tax preparer, is worried about an IRS audit. What will happen if the IRS finds errors or omissions? Can his friend ...
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IRS Tax Audit Tips
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Want to understand everything you need to know about self-employment income and running a business the right way? My Small Business Startup Toolkit covers all the basics so you can avoid costly mistakes and stay on top of your taxes from day one. Inside, you’ll learn how to choose the right business entity, how self-employment taxes work, how to make accurate estimated tax payments, how to avoid owing at year-end, what you can and can’t write off, and how to keep clean, audit-proof records. If y
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