Article Date:
February 2012


Word Count:
205

 

 

Former IRS Agent Fails Tax Deductions for Hiring His Children


You would think Luis Bulas could get this right.

 

After all, he worked for the IRS for seven years, moving up the ranks from tax technician to revenue agent to appeals auditor and then to appeals officer, before leaving the IRS and starting his tax return preparation and accounting business in 1985.

 

Problem 1

 

Mr. Bulas claimed the $18,000 in wages he purportedly paid to his daughters as cost of goods sold. Most accountants and tax preparers would not have anything in cost ... Log in to view full article.

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