Tax Advice From A Former IRS Auditor
I caught an article on the BusinessWeek website today that I wanted to share — it’s timely (tax season – buh) — and there are some pretty good points, especially about subcontractors vs. employees.
I remember having this dilemma for awhile with one of the guys who helped me install signs several years ago, and learning the basic 3 rules of subcontractors (full IRS details here). The 3 rules I learned were that they had to perform the work:
- On their own time
- In their own way
- With their own tools
I highly recommend you read the full article which includes lots of advice regarding tax deductions available to you this year.
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