BY JEAN MURRAY Updated July 11, 2019 Cash businesses (those that take in mostly cash, such as restaurants, flea market vendors, beauty salons, and many others) are more likely to be audited by the IRS and have a particular problem when audited because it is difficult to verify income received in cash. It’s called the Tax Gap, the amount of money spent in the U.S. […]
6 Things to Do With Your Money Once Your Salary Reaches $70,000
by Mike Brassfield Senior Writer Remember overdrafting while you waited for your next paycheck to come — that was the worst, am I right? There’s not enough money in your bank account — so your bank gets its revenge by helping itself to $35 of all that money you don’t have. Ho ho ho, I just love overdraft fees, you say to yourself. What a fun game this […]
IRS Watch
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