When I was twenty years frail I tried to begin a business. Having skipped the college plan I had no clue about business accounting. All I had was a knack for marketing and a lot of energy to burn it on. I went after it, and started making some money.
"A fool and his money are soon parted," the Bible says. In this case, I am the fool. My money, it went the scheme of the IRS. Not at first; at first I kept it all. Well, why not? I earned it all. The government doesn't gaze it that device. In reality, the only reason I didn't pay my taxes was that I didn't want to recall on the task of learning the accounting side of my business.
It never occurred to me that I could hire someone to do the work or to reveal me. I simply wasn't eager in the subject at all. Deep down I didn't mind paying my taxes, it was the belief of paperwork I hated.
Paper work is superb. Paper work keeps the government off your door step and gives you peace of mind. It took the IRS five years to figure out I hadn't filed a return (a crime by the contrivance) . Fortunately for me, the IRS unprejudiced wants their money. They are not really enthusiastic in prosecuting people, unless your name is Wesley Snipes. Based on my experience with the IRS, I would say that Wesley was only prosecuted because it was such a ample opportunity for the IRS to spend him as example and horror the average person into complying with IRS regulations. But, all that aside, I was able to negotiate with the IRS and they only took most of my money for a few years instead of all of it. What a relief to write the last check to the IRS and set that mess tedious me.
My advice, if you don't have a clue about accounting and you are trying to accelerate a business, invest your time into learning, or pay someone to occupy care of it for you. It will be worth your while.
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