Article Date:
February 2014

Word Count:



Don’t Let Your Tax-Deductible Receipts Fade and Disappear

Joyce A. Linzy operated a tax preparation business called Joyce’s Tax Service. Before starting her own business, Ms. Linzy worked for Jackson Hewitt and Instant Tax Service.


We don’t know whether Ms. Linzy was good at doing people’s taxes. We do know that she kept crummy tax records that cost her all her travel and entertainment deductions.


Lost Entertainment


Your entertainment deductions are subject to the strict substantiation rules of IRC Section 274(d).1 The substantiation rules override the Cohan rule that allows a ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee