From Commingled to Contested: The IRS’s Audit of Tax Deductions

Published Categorized as Articles, Houston, Tax

The common idea that business expenses are deductible while personal expenses are not is an oversimplification. In reality, the tax rules are more nuanced. Some personal expenses are deductible, and the line between personal and business expenses is often blurry. This complexity is further compounded by the fact that many businesses, particularly small ones, fail… Continue reading From Commingled to Contested: The IRS’s Audit of Tax Deductions

The post From Commingled to Contested: The IRS’s Audit of Tax Deductions appeared first on Houston Tax Attorneys | Mitchell Tax Law.

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