If you're a freelancer, sole proprietor, or small business owner, filing Schedule C with your tax return is part of your routine. But it’s important to know that some entries on that form can raise questions with the IRS. While most small businesses won’t face an audit, certain red flags can increase your chances of receiving IRS correspondence, a notice, or a closer look at your return.

Many taxpayers are surprised to learn this: if you never filed a tax return, the IRS can legally go back forever. There is no statute of limitations on unfiled returns. The clock only starts once a return is filed. So why does the IRS talk about a 6-year rule? Because while the IRS can  demand every unfiled year, they generally don’t. The 6-year rule is an IRS administrative policy, not a legal limit—but it matters when you’re trying to get back into compliance. No Statute of

In today’s world, digital app payments have become the new norm. Whether you’re sending money to a friend through Venmo, collecting rent via Zelle, or accepting business payments on PayPal or Cash App, these platforms make transactions faster and more convenient.