Скачать или смотреть Former IRS Officer Shares Small Business Tax Mistakes

It's Tax Season! Seems like a good time to call in an old friend of mine – an ex-IRS employee – to help us steer clear of some common business tax no-nos.

During his time working for the Internal Revenue Service, Chris Haley had to have more than a few unpleasant conversations with small business owners. Oftentimes, it was a series of small missteps and misunderstandings that snowballed into a much bigger (and more expensive) problem. I asked Chris if he could help us learn from other people's tax mistakes and avoid getting a visit from one of his old co-workers.

Personally, I found the conversation really enlightening as to what red flags the IRS is looking for, and the steps they take to help small businesses unravel their sticky tax situations. And [SPOILER ALERT] not everyone in the IRS is evil! Chris and his cronies... ahem colleagues actually spent a lot of time helping self-employed folks like you who might have fallen on hard times and fell behind on tax payments or filing deadlines.

00:00 - Intro
02:49 - Understanding the tax implications of an S-Corp election
05:44 - The WRONG way to pay yourself with a W-2
07:40 - Failure to withhold taxes
09:43 - Don't mix business with pleasure
10:50 - Is it possible to NOT make the IRS upset?
11:48 - Set some aside
13:34 - Is it deductible?
14:22 - Is doing your best good enough?
15:27 - The Audit Hammer
20:18 - The Number 1 Problem
21:56 - Is running a business even worth it?
23:00 - Outro

Tired of taxes? Check out Chris's movie review channel!    / @storybeards4077