Travel is one of the most commonly misunderstood tax deductions amongst business owners and the self-employed. A basic understanding of what travel means in IRS-speak can help you to avoid disallowance of your deduction, should your tax return ever be examined. Here are the three most important things you should know: 1. There is an important distinction […]
Darlene Grace CPA
Taking a Tax Deduction for Your Auto? Read this…
Sure, you’ve been writing off your auto expenses for years, but how well do you think your records would stand up in the event of an IRS audit? Lack of adequate documentation can result in the disallowance of your deduction should the IRS take a look-see. Here are the three most important things you should […]