Get informed so you can do your taxes right.
The IRS estimates that it gets shorted $290 billion by taxpayers each year. Guess who the agency most wants to pay up? Small businesses and the self-employed. The IRS attributes nearly 40 percent of its "tax gap" to underreported taxes owed by these groups.
In the proposed 2008 budget, the IRS has asked Congress for $73.2 million in new funding to beef up tax enforcement within the small business/self-employed sector. So now's the time to make sure you're paying all the taxes you owe.
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!
3 months free with code ZENDESK
Presented by zendesk