How to generate proof of expenses in an audit.
- David Greene
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As you know the IRS will not accept your word for expenses. They want to see backup documents and proof of payment. If you did not keep receipts, you can order old bank statements from your bank and then go…
Examples of stupid deductions that the IRS disallows
- David Greene
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Unfortunately the IRS is not lenient when you try to deduct expenses for which there is no valid reason. Here are a few examples of deductions that have been tried and “shot down” by the IRS. (1) A real estate…
What tax deductions may be disappearing soon?
- David Greene
- Comments Off on What tax deductions may be disappearing soon?
With the new Trump administration, we may lose some tax deductions that we’ve used in years past. Therefore you should be sure to take advantage of them this tax year in case they are not available next year. Some of…