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Old 02-09-2007, 02:43 PM
jamzfive jamzfive is offline
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Join Date: Mar 2006
Location: PA, USA
Posts: 181
Default Re: Taxes! MUST one File as a Professional if they Fit the Bill?

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I did read those threads in my searches. The slight distinction is that in every single case I have seen, it was the IRS arguing for the taxpayer to NOT be allowed professional status whie the taxpayer was fighting to be a pro.


[/ QUOTE ]

There definitely are at least 2 threads out there of the reverse: the IRS attempting to collect self-employment tax from filers who had not filed as professional. Here's one.

Yes, the IRS can claim that you should have filed as a professional, and attempt to collect self-employment tax from you.

This is not to be construed as tax advice, and for your specific case you should speak to a CPA familiar with the types of issues at play in your situation.

jb
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