Tax Advice from a Former IRS Auditor

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March 26, 2009
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NEWS  THIS WEEK'S TOP STORY Tax Advice from a Former IRS Auditor Small businesses face a relatively higher risk of audits than individuals. Here are some pitfalls to avoid to make sure your returns are accurate Slide Show: 25 Tax Traps

Inside: This Week in SmallBiz The IRS sees the bulk of business owners--those with businesses structured as sole proprietorships, LLCs, partnerships, and S-Corps--as at a greater risk of misreported income than individuals or large corporations. To avoid common slipups this tax season, be sure to check out our interview with a former IRS auditor and our slide show detailing 25 tax traps. Then take a look at our continuing coverage on Obama's plans to spur lending to small businesses. Hear from experts on the pros and cons of taking on debt and get a primer on the changes to Small Business Administration loan programs. Finally, check out a timely piece on getting the "people right." Enjoy! --Nick Leiber SEND FEEDBACK  |  E-MAIL A FRIEND  |  GET RSS  |  NEWSLETTERS

MORE SMALLBIZ NEWS SMART ANSWERS Easing Access to Credit: Pros and Cons President Obama recently unveiled plans to spur lending to small businesses. Experts detail the benefits and drawbacks of taking on debt SMALL BUSINESS FINANCING A Primer on Changes to SBA-Backed Loans Opinions vary about efforts to make it easier to get an SBA-backed loan, but certain entrepreneurs should still apply, says Tom Taulli VIEWPOINT The Right People vs. Getting the People Right Now's the time to put your weakest players through a development program or make them available to the industry, says Keith McFarland BYTE OF THE APPLE Paging Dr. iPhone: Tapping a Physician's Digital Reference This family doctor is using Apple's smartphone and numerous medical mobile apps to save time, see more patients, and provide better care   SMALLBIZ SLIDE SHOWS SMALL BIZ 25 Tax Traps Entrepreneurs running businesses structured as sole proprietorships, LLCs, partnerships, or S-Corps should be aware of these mistakes SMALL BIZ 25 Unsung Tax Deductions Entrepreneurs and small business owners who ignore these tax deductions are leaving money on the table SMALL BIZ The Rebounders Meet 29 people who have lost their jobs during the current recession and are now starting their own ventures America's Most Promising Startups An ongoing series profiling startups from across the country   SMALLBIZ PODCASTS Appealing to Bargain Hunters Every retailer is fighting a battle for customers now, and customers are looking for discounts. Small retailers can gain a competitive edge and appeal to bargain hunters by engaging in "affinity marketing," says Jonathan Silver, CEO of Affinity Solutions   SMALLBIZ SPECIAL REPORTS Outsourcing Getting Top Talent Corporate Philanthropy Best U.S. Entrepreneurs 25 and Under Home- Based Business Branding Franchising Raising Capital The ABCs of Business Plans SMALLBIZ  BUSINESS DIRECTORY Need Help? Find experts in your area in: Accounting Advertising and Marketing E-Mail Marketing Legal Services Public Relations Search Engine Marketing Web Design Web Marketing Web Hosting  BW MALL   SPONSORED LINKS Effectively Manage Your Employee Time  Software & hardware allow you to integrate time tracking & payroll. View a 5-min demonstration here. Integrated Desktop Management Software  Affordable Web-based Windows Desktop Management Software for Enterprises. Free Trial Download ! Microsoft Tech•Ed North America 2009  Spend 5 days with our innovators, third-party experts, and thousands of your IT peers. Register now! Discover PCRecruiter HR Solutions  Versatile web-based HR solutions used by nearly 3000 organizations worldwide. Schedule a demo now! Save up to $200 on new Polycom conference phones.  Learn how to choose the best conference phone for you and take advantage of this limited time offer. Buy a link now! This newsletter is a FREE service provided by BusinessWeek.com. To sign up for other newsletters, cancel delivery, change delivery options or change your e-mail address, please go to our Newsletter Preferences page. If you need other assistance, please contact Customer Service or contact: Wanda Cooper BusinessWeek Customer Rights Communications Data Services 1995 G Avenue Red Oak, IA 51566 Phone: 1-800-635-1200 View our corporate privacy policy here. To learn more about how BusinessWeek.com applies this policy, you can contact our Marketing Department. Copyright 2008, by The McGraw-Hill Companies Inc. All rights reserved. Terms of Use | Privacy Notice

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