Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
cash business
Hiding receipts by cash is a Tax issue
Cash is a good way to get clobbered for taxes! For many years, small restaurants, bars, pizza parlors, ice cream stands, and other food establishments have used all cash systems to hide their income and not pay sales tax and income tax on the full receipts. In New...
IRS Letter 5043 – Attacking Small Businesses that Receive Too Much in Credit Cards
RS LETTER 5043 – NEW WAY IRS ATTACKS SMALL BUSINESS ATTEMPT TO GET “CASH” BUSINESSES The IRS has been pushing for many years to capture cash income of small businesses and force him to pay taxes. That is one of the reasons that the IRS is requiring credit card...
