ArticlesTaxes: March 2008

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Five Tax Filing Mistakes To Avoid

Five Tax Filing Mistakes To Avoid

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Posted by: SBOCTeam, Mar 20, 2008

By Barbara Weltman

One of the least fun things about running a business is filing your annual income tax return and paying what's owed. As you embark on this task, don't make mistakes that can lead to needlessly overpaying your taxes or, even worse, becoming the target of an IRS audit.

1. Recognize your vulnerability. There is a $345 billion tax gap the spread between what the government actually collects and what it thinks it should be colle...

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