Bookkeeping Tip #7 For Small Business Owners

Image via WikipediaTip #7 is be smooth when dealing with the IRS. Specifically, send any correspondence to the IRS using certified mail and request a return receipt. If you do not succeed in resolving your issue on the third try, consult the Tax Payer Advocate office.

To avoid any IRS mess, take precautions, such as maintaining a good audit trail. Keep copies of notices and letters from the IRS, as well as tax returns and receipts. Ask the IRS to abate penalties if you can show that you made a good faith effort to pay your taxes and just made a mistake.

Here's an article entitled "Work Cooperatively with the IRS for a Smooth Audit."

If you want another handy bookkeeping tip next week, like Clear View Business Solutions' Facebook Page so that our weekly blog post might pop up in your news feed. Good luck on those taxes!