In addition, the IRS will provide audit protection to eligible businesses by not challenging the use of the $2,500 threshold for tax years ending before January 1, 2016 if the taxpayer otherwise satisfies the requirements of Treasury Regulation § 1.263(a)-1(f)(1)(ii).What is the de minimis safe harbor election?

I do a lot of audit work down in FL.

I have a tenant who is going to have an organization (like Nstar or Eversource) come in and do an energy audit.

I might get an energy audit, to see how much heat loss I get through the walls.

I believe the fine in Ohio is $1,000 per violation and I can assure you they audit the PM offices regularly.If you want to handle money for others, you need to know about trust accounting and how to avoid commingling funds.

It is generally passive, you will most likely subscribe as a limited partner.Private fund have oversight with (generally) quarterly reporting and an annual audit as opposed to just partnering on a straight deal.I hope you find what your looking for in an investment and if you ever need anything I am happy to help.  

The "I'm going to get audited for taking a home office deduction" fear is overblown.

Charging less than fair market rent could create a problem later under audit, so charge them fair market rent and have them pay you and then you can pay the mortgage to keep it clean.

Around here, we have a couple of manufacturers of generic thermal pane windows and can buy them cheaper than Lowes.It's not rocket science installing them, and we found someone to remove the old windows, haul them away, and install the thermal panes for $50 a window, about half of what some others wanted.One caveat, I had an energy consultant with our local utility company come out and do an energy audit, and he said if you've already got serviceable windows it's not cost-effective to upgrade to more than storms - and this is on my new personal residence.

That's why it's so important that you do everything you possibly can to ensure that if the IRS ever audits you, that they have as much evidence as possible to conclude that someone working for you is an independent contractor, NOT an employee.