Article Date:
June 2016


Word Count:
1412

 

 

Tax Audit Tips for Entertainment and Vehicle Deductions


IRS audit!

 

Scary thought, isn’t it?

 

How will your records hold up?

 

The records tell all. No records, no deductions. It really is that simple.

 

No Mercy from the IRS

 

Don’t expect mercy from the IRS. It doesn’t exist.

 

We checked. We did a word search in our RIA Checkpoint, Tax Analysts Tax Notes, BNA Tax Management Portfolios, and LexisNexis. The word “mercy” did not show up in the Internal Revenue Code or the IRS regulations.

 

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