If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law. Tax auditors are adept at rooting
meals Archives - Crawford Ellenbogen
Jun 14, 2023
Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses
- By Joan Ellenbogen
- Business
- 0 Comments
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Jun 30, 2021
Traveling for business again? What can you deduct?
- By Victor Dozzi
- Business, Deductions
- 0 Comments
As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of rules for deducting the cost of your out-of-town business travel within the United States. These rules apply if the business conducted out of town reasonably requires an overnight stay. Note