If you own a yacht or a luxury boat, there’s something you should know before you shout “anchors away.” I’m talking about the IRS tax rules that govern luxury boat deductions. What are they? We’ve done research on the subject and put together an easy-to-understand article you won’t want to miss. For all the details, check out my new article that’s like a life preserver for … [Read more...]
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Surviving an IRS “entertainment” audit
Worried about the IRS auditing your entertainment expenses? Don’t be. In our brand new article, we’ll explain how to document and pass the IRS audit tests for your deductible business entertainment. And do so with flying colors. Where do we get our information about what the IRS looks for in an audit? From the IRS’s own audit guide! Don’t miss what we’ve got waiting for you … [Read more...]
How to audit-proof your self-employed tax records
If you are audited by the IRS, will your deductions stand up to close scrutiny? If you take your case to court, will you come out a winner or wind up owing even more money? You’ll find answers to these important questions in our must-read new article titled Tax Audit Tips for Travel, Entertainment, and Education. Don’t miss it! Three ways our fact-filled article can help … [Read more...]
Surviving a tax audit for entertainment & vehicle deductions
There are two frightening words no one ever wants to hear… “IRS Audit.” Yet, you may be among the countless thousands of men and women whose entertainment and/or vehicle deductions will be closely audited by the IRS. Will you sail through the audit process without a problem, or will you owe thousands of dollars and face possible penalties? You’ll find answers to these … [Read more...]