Money Monday: Assess Last Year’s Taxes
In 2021, a group of charitable foundations provided funding for our team to study tax returns from actual providers. We reviewed 60 provider returns — the largest dataset of returns that have been examined, according to Tom Copeland — looking for missed opportunities for deductions and audit risks.
The work we did then can help you now! We’ve created guide that allows you to examine last year’s Schedule C (your business return for a sole proprietor or Single Member LLC) so you, too, can find deductions you may have missed and see audit risks that you may not have known about.
Thanks to the team at WECA, this tool is now available online for FREE. In just a few minutes, you can get a customized report for you and your tax preparer to guide your 2022 tax preparation.
Get started here:
