Upon looking up a business code for my client, I saw: Payroll, Tax Prep and Other accounting each had their own codes. For those of you that offer all 3 services, do you separate them out into 3 different businesses?
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Tax prep
I have always used the tax prep code because that is my primary activity.
Linda, EA -
Since they don't show an activity code for "Sleeping At My Desk", I use the code for Tax Prep to describe my primary activity as well."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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Sometimes I feel there should be a code for "Posting on Tax Forum."Comment
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Multiple Activity Codes
Good point A-Z.
I feel that IRS should provide multiple activity code lines on Schedule C - along with the % of each activity.
I also feel that for each line of expenses we should also have corresponding number of expense lines.
Will make it much easier to audit - and make it much more convenient to provide information to both workman's comp carrier annual census and professional liability insurance carrier.
Where would we be without you A-Z?
Make this a suggestion to IRS when they redesign the Schedule C.
What will you think of next?Last edited by Uncle Sam; 08-25-2012, 07:42 AM.Uncle Sam, CPA, EA. ARA, NTPI FellowComment
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