Top 5 Audit Proof Tax Loopholes for Small Business Owners

  Рет қаралды 682

Mat Sorensen - Wealth Lawyer & Entrepreneur

Mat Sorensen - Wealth Lawyer & Entrepreneur

6 күн бұрын

Mat talks about the most common Tax Loopholes that Small Business owners miss out on. These loopholes can change the game for you so don't miss out!
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Пікірлер: 3
@USCAVHOOAH
@USCAVHOOAH 4 күн бұрын
I just got a notice that I was randomly selected for a record inspection from DOL. They want things like general ledger, financial statements, corporate minutes, and normal things that I would think they would want like W2s, 941s, etc. Why does DOL need general ledger and financial statements? Feels like an IRS audit.
@MatSorensen
@MatSorensen 2 күн бұрын
Good question, unfortunately they ask for everything even though they may not need it or even look at it. Are they auditing a labor issue or retirement account?
@USCAVHOOAH
@USCAVHOOAH Күн бұрын
@@MatSorensen I think it's just checking records. The Alabama code they referenced, Sec 25-4-116 just talks about the requirement of keeping records. I was just confused on why the DOL is requesting documents to include my financial statements, corporate minutes, general ledger, etc. Thanks so much for the response!
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