Hey
As a tax professional, I have noticed some disturbing practices that some of you commit, thinking you are casually evading taxes through some ‘minor’ tricks that won’t matter to the IRS.
However, the truth is the IRS wants all its money, so you should AVOID doing the following things that many
of you think are not ‘big issues.
- Not reporting all your tips
- Not reporting all your side hustle money
- Not reporting all your cryptocurrency holdings
- Not reporting gambling winnings
All the above can get you in big trouble with the IRS because tax crimes are tax crimes; there are no blurred lines.
It’ll help you tremendously if you make sure that ALL your income is reported to the IRS while paying your fair share of taxes.
Some of you are fooled by dodgy tax professionals who ask you
to claim false deductions and overestimate your donations.
If your tax pro asks you to 'hide'
your other income, RUN! They are not genuine tax professionals. They will get you in trouble one day.
For genuine tax services that will result in you saving money legally, contact me to book a quick tax chat. I am already taking tax planning clients for 2022, so hurry and save!
