Self Employed? File Smart

The rules are tricky, and it's easy to overlook deductions

By this time of year, the self-employed, like other taxpayers, are probably too busy getting ready for this Apr. 15 to think about filing for Apr. 15, 2002. But while your options for trimming your 2000 tax bill have dwindled to a mere handful, you can take a wealth of steps to limit your 2001 liability. It pays to make time now, before too much of the year has elapsed, to get your financial ducks in order. That way, you can avoid common mistakes that lead many self-employed taxpayers to either overpay or lose out in an Internal Revenue Service audit.

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