The IRS Crackdown on Self-Employment Income (Avoid These Mistakes!)

Learn How to Avoid IRS Audit Triggers If You File Schedule C. Get a Free Consultation: https://mycpacoach.com/contact/ In this video, I break down the most common IRS audit triggers for side hustles, independent contractors, and small business owners filing Schedule C, along with simple guidelines you can follow to reduce your audit risk. I also explain when S-Corp or C-Corp could make sense. As a licensed CPA who tax plans every day, I’m sharing practical steps you can take to report all income correctly, claim reasonable deductions, keep clean records, separate business and personal finances, and stay compliant, so you can pay less taxes without fearing the IRS. Be sure to save this video, hit the like button, and let’s jump right in. #irsaudit #smallbusiness #cpatips Schedule C Warning: (0:00) The Schedule C Problem: (0:59) Higher Audit Risk: (1:20) Mistake #1: (2:57) Mistake #2: (4:47) Mistake #3: (6:58) Mistake #4: (8:21) Mistake #5: (9:21) /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).