Category Archives: tax audits
Does The IRS Require Receipts?
I regularly receive email from sincere folks who ask questions like this: “Is it true? If I don’t have good records, will I really pay more tax than I could/would/should have?” Or how about this one: “If I don’t have … Continue reading
Posted in business tax deductions, tax audits, tax record keeping
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Small Business Tax Questions: Do You Really Have To Keep Receipts?
Do you ever wonder whether it’s really necessary to keep receipts to document your small business or self-employed tax deductions? Does the IRS expect you to maintain detailed records as proof of business expenses? The answer to that question is … Continue reading
Halloween Tax Tips: How to Eliminate All Fear of the IRS
Ready for a scary tax story? A few years ago, one of my clients (let’s call him Mr. Jones) got one of those IRS “love letters” requesting more information. The IRS wanted to meet with Mr. Jones in person to … Continue reading
Posted in IRS, tax audits
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