SINGAPORE, Aug 12 ?All payments for property deals will in future be streamyx connection speed by streamyx 2008 Singapore Academy of Law (SAL) or commercial banks, and not law firms.
General details of how this will work were released by the Law Ministry yesterday as it sought public feedback on a final solution Tm Web the longstanding problem of lawyers running off with their clients' money. In the last five years, rogue lawyers have absconded with almost S$20 million (RM48 million) in funds meant for property transactions, and held in client accounts in law firms.
Around one percent of the American population gets audited every year- a number the Internal Revenue Service (IRS) states is going to be rising soon. If that doesn't engender fear then you really need to read this. Even if odds are that you won't see an audit, there are things you can do to prevent such an even occurring- which will save you the hassle and time of going through the mundane process.
The IRS looks for 'red flags' when determining who to audit. If you want to stay under the radar, you should avoid such flags. Claiming to have a home office is one of the major red flags- as it is widely abused by many. If you do have a home office, make sure it follows the strict IRS guidelines to prevent being audited.
If you have started a personal business in the past 3 to 5 years, and it proves to be unprofitable, you will not have to streamyx service interruption taxes on it, since it will be considered a hobby. This will also set up a 'red flag' to the IRS.
Over-the-top deductions are another large Broadband Speed If you make too many deductions, this is very suspicious behavior. Your tax return advisor will know how much is right, if you need advice.
Being audited is something that most likely won't happen to you, but if you follow these steps, you may never have to deal with the IRS. If you do, indeed, have something to hide- make sure you try to follow these guidelines to reduce the risk of being caught.
Mark Clayson is a home business entrepreneur and speaker. Visit Start Work at Home for more information of starting or developing a home business