Vehicle deductions are frequently reviewed in audits because they can be large and easy to misstate....
Accurate documentation of business mileage and common deductible expenses protects your deductions and...
An expanded audit of business expense deductions means the IRS is doing a deeper review of your claimed...
Federal rules generally limit business meal deductions to 50% of the cost, with a temporary 100% allowance...
Federal depreciation rules let small businesses spread or accelerate the tax recovery of asset costs,...
Recent court decisions have tightened how the IRS and courts view business meal deductions, placing greater...
Calculating basis and gain determines the taxable amount when you sell a side business. Accurate tracking...
Recent federal and Tax Court decisions have narrowed or clarified when business expenses qualify as deductible....
Fixing depreciation errors across business tax years ensures accurate tax returns, correct taxable income,...
Net Operating Losses (NOLs) let businesses use a year with allowable deductions exceeding income to reduce...