Using Estimates to Prove Business Expenses

Published Categorized as Articles, Houston, Tax

Imagine this common scenario – you own a small business and incur a legitimate expense that you pay and have some record of. Years later the IRS audits and disallows the deduction for lack of receipts or other documentation. The auditor may request bank statements, which you provide, only to be told those are inadequate.… Continue reading Using Estimates to Prove Business Expenses

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