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Los Angeles tax, accounting service

MyIRSRelief

Our Los Angeles based tax firm , led by Mike Habib, Enrolled Agent, represents and helps business taxpayers get compliant with back years, contact us today at 1-877-78-TAXES [1-877-788-2937]. What are the benefits of accounting & bookkeeping services? What is income tax preparation service?

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What happens if you get audited and don’t have receipts?

xendoo

However, forgetting or misplacing receipts happens, especially when you’re busy running a business. The IRS regularly deals with missing receipts, so there are guidelines for what businesses can do if they don’t have receipts. Also, Xendoo’s bookkeepers and CPAs have years of experience managing business record keeping.

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What happens if you get audited and don’t have receipts?

xendoo

However, forgetting or misplacing receipts happens, especially when you’re busy running a business. The IRS regularly deals with missing receipts, so there are guidelines for what businesses can do if they don’t have receipts. Also, Xendoo’s bookkeepers and CPAs have years of experience managing business record keeping.

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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

While the salary is subject to self-employment taxes, the distributions are exempt, which allows S-Corps to avoid double taxation. . It is always best to speak to a small business tax accountant. They will get to know your business, and determine if S-Corp Election is right for you. . Xendoo is here to help!

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What Happens if a Business Doesn’t File Taxes?

xendoo

The Internal Revenue Service (IRS) can send you a bill for penalties and additional fees. However, we understand that tax filing requirements and rules change each year. It’s hard to keep up without your own accountant or business tax services. A tax accountant can also advise you on deadlines and changes.

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