- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
Did you have actual employees or are you the only "employee"? Did you W-2 yourself ? If you did that is not allowed when filing a Sch C.
And when filing an income tax return you are ultimately responsible for the accuracy. Ignorance is not an excuse. Using a professional the first year to get started right and be educated is worth every penny since the result of doing things wrong can be costly as you are finding out. And the IRS will not pay a refund on a closed tax year ... that is just the plain facts.
‎October 16, 2020
5:00 AM