How I survived my IRS Tax Audit
What up BP Fam,
Being audited by the IRS has been one of my biggest fears. Today we'll go over the main things the IRS wanted to verify when they audited me. I wouldn't wish this experience on my worst enemy. You get that large white envelope in the mail giving you date and time to show up to the federal building. The sleepless nights after that made me believe I'd lose everything for some tax mistakes I may have made. I also thought "why me"?! Why would the IRS want to pick on the small business owner....
But the fact is the IRS wants to give you all the deductions we can prove. That's why in this video I'll show you 3 big expenses they wanted to verify from my tax returns; Car expenses, Mortgage Insurance, and my contract labor. See how I keep my records to make sure I'm always in compliance with the IRS so you'll be prepared if you ever get called in for an audit....
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