A letter arrives in your mail box.
It’s from the IRS. It seems they want to go over your vehicle and entertainment deductions.
What’s that? You can’t back up all your deductions with a detailed log and an organized file of receipts? Well then, welcome to a world of pain.
If you want to avoid getting crushed by an IRS audit, now is the time to act! What’s the first step you need to take?
Read my new article titled Tax Tips: Tax Audit Tips for Entertainment and Vehicle Deductions
Three ways our fact-filled article can help you:
- We’ll tell you the sad story of James Barton. It isn’t pretty. You see, Mr. Barton lost $13,857 of the $15,741 he claimed in deductions because he made five serious mistakes. We’ll show you how you can avoid making them when you read the full article.
- You’ll learn the ins and outs of the $75 rule. The law says you don’t need receipts if the vehicle or entertainment expense is less than $75. But failing to keep receipts can be hazardous to your health. Very hazardous as we’ll explain when you read the full article.
- We’ll tell you why using mileage apps and GPS tools can be a very smart move. The fact is, these apps and tools record your mileage for every trip you take at the time you take it. Which means you automatically meet the “within one week” requirement. All will be explained when you read the full article.