Tax
Oct. 17, 2022
These three tax rules are simple
A lot of what goes on at the IRS is computer matching – the endless correlation of taxpayer identification numbers and payments. Even a small mismatch between what’s on these forms and what you report on your tax return will be caught and could result in months of hassles with the IRS.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
You might not think about taxes until tax return time, but you should plan ahead. Many of us mess up tax issues every day. These tax mistakes aren’t felonies, but you don’t want to end up next April 15 having logged 365 days of tax mistakes. Here are three tax rules that many people break almost daily. Respect them, and you’ll reduce the chance of coming to grief with the Internal Revenue Service.
First, keeping business and personal affai...
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