Why cash payments can backfire in an IRS audit

Name: Why cash payments can backfire in an IRS audit
Duration: 48 s
Description: If you pay rent and expenses in cash with no bank records, an audit will raise red flags you can't explain.

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Running a cash-heavy business and paying expenses like rent in cash? If the IRS audits you and your bank statements don't show those payments, they're going to start asking questions you won't want to answer. TJ walks through exactly how that scrutiny plays out—and why cash isn't king anymore when you're in business.

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