Are you aware of the documentation requirements you will need to provide to an IRS auditor to support your deductions for meals, entertainment and/or travel expenses? Now that government agencies are hurting for money, they are tight-fisted when it comes to bending the rules on these documentation requirements. Whereas previously receipts were sufficient documentation of these expenses, tax auditors increasingly expect all the requisite documentation, as detailed in the IRC regulations. The IRS is now targeting these expenses. I can help you avoid these pitfalls by discussing the requisite recordkeeping with you in advance.
Meals, Entertainment, Travel Expenses
Posted in Things You Need To Know