LO.4, 5 Serena operates a lawn maintenance service in Southern California. As most of her employees are

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LO.4, 5 Serena operates a lawn maintenance service in Southern California. As most of her employees are itinerant, they are paid on a day-to-day basis. Because of cash-flow problems, Serena requires her customers to pay cash for the services she provides.

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

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

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