Iduzdis said 🔗
She wrong about having business registered
Sole proprietor is a business, not need registration.
Some of the sh1t will not be penalized long as the people pay it back. Now this is the small sh1t I’m talking about.
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I think she was careful in saying the Feds would look into red flag cases. She didn't straight up say they were going to prosecute every red flag case.
When I used to do taxes for other people I would warn people ahead of time that they'd probably be audited for certain issues.
Edit: Didn't mean they would get audited, just their situation was high risk.
Just like using children someone else claimed the previous tax year could draw an audit so could filing for a PPP loan when you didn't previously have a business the previous year.