Top 8 tax myths

1. Paying taxes is voluntary.
2. Students don’t need to pay taxes.
3. If I can’t pay my taxes I could go to prison.
4. An LLC helps convert personal expenses to business expenses.
5. Estate tax isn’t a big deal and doesn’t affect many people.
6. I don’t have to report income if I did not receive a Form 1099.
7. American companies pay a high rate of tax compared to other countries.
8. Cryptocurrency transactions don’t need to be reported.