Tax Reduction Letter - Tax Audit Tip When You Fail to Seek Expense Reimbursement

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Article Date:

July 2010

Word Count:

348

Tax Audit Tip When You Fail to Seek Expense Reimbursement

Question

I am currently undergoing an IRS audit.

I have about $5,100 in unreimbursed expenses from a client that is being disallowed because, according to this IRS agent, I should have enforced the reimbursement with the client.

My position: This client sends me ongoing business and has done so for the past 10 years. I feel that I would risk my ongoing relationship with this client by submitting the expenses for reimbursement.

Further, I did exactly the same thing the following year, so I ... Log in to view full article.

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