Tax Reduction Letter

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Article Date: July 2010
Word Count: 863

Tax Audit Tips on Hiring Your Child

Suppose that the IRS sends you a note saying that it wants to audit your business’s hiring of your children.

How would your records hold up?

Let’s visit Jeffrey Allen Dumond. At the time of his audit, he was operating State of the Art Vending, a business he acquired that included vending machines and a client list.

Basic Facts

Mr. Dumond claimed deductions for ... Log in to view full article.

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