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Schedule C Form 1040 Filers Beware: The IRS Is Monitoring Your Deductions

Schedule C Form 1040 Filers Beware: The IRS Is Monitoring Your Deductions

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June 2018

Every independent business owner wants to reduce their taxes by taking advantage of allowed business deductions. However, just how much taxpayers take advantage of such deductions has caught the attention of the IRS. If you file a Schedule C for income and related business deductions, it’s important to understand what the IRS is watching for.

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