DOs and DON’Ts When Deducting Business Meal and Vehicle Expenses

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law. Tax auditors are adept at rooting … Continue reading “DOs and DON’Ts When Deducting Business Meal and Vehicle Expenses”