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The Thomas Howell Ferguson Blog

Protecting Business Expense Deductions: IRS-Ready DOs and DON’Ts

If your business claims deductions for expenses like meals, vehicle use, or a home office, be prepared for close scrutiny from the IRS. These types of deductions are among the most commonly audited, and even honest taxpayers can find themselves in hot water if documentation is lacking. A recent U.S. Tax Court case (T.C. Memo. […]

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