How to generate proof of expenses in an audit.
- October 2nd, 2019
- David Greene
- Comments Off on How to generate proof of expenses in an audit.
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…
Will it help to itemize deductions – Part 2?
- March 19th, 2019
- David Greene
- Comments Off on Will it help to itemize deductions – Part 2?
Last week I discussed the standard deduction changes and this week we’ll take a brief look at itemized deductions. Many deductions are still allowed but limited. Foreign income taxes, state and local real and personal property taxes, and state and…