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What are some of the tax problems serena might have

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Reference no: EM132628438

Problem - Serena operates a gift shop. To reduce costs of credit card transactions, she offers customers a discount if they pay in cash. For the holiday rush, she hires some short-term workers but pays them cash and does not add them to the payroll.

Required -

a. What are some of the tax problems Serena might have?

b. Assess Serena's chances of audit by the IRS.

Reference no: EM132628438

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