The essential tax guide

摘要

Filing a tax return is the first step in a potentially adversarial relationship with the IRS. The preparation of a tax return is both a science and an art -though if your return is trending more toward art, it may be a red flag. While a filed return must be in conformity with the tax laws in all respects, how the information contained in the return is just as important. During the years, the IRS has challenged many taxpayers who treated themselves as day traders. Knowing in advance both the benefits and risks of this designation, what steps to take proactively, and what to do in the event of an audit will serve you well and provide peace of mind.