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Updated about 2 years ago,

User Stats

339
Posts
162
Votes
Max Emory
Tax & Financial Services
  • Accountant
  • 100% Remote
162
Votes |
339
Posts

Bookkeeper / Real Estate Investor: Business Expenses

Max Emory
Tax & Financial Services
  • Accountant
  • 100% Remote
Posted

Unfortunately, the burden of proving and qualifying business transactions for the IRS is on us as the investors and small business owners.

Most people think if the IRS can’t prove something wasn’t a business expense in an audit then they’re good to claim it but that’s not the case. The burden of proof is always on us.

Receipts, activity logs, pictures, paperwork, etc for all transactions is key!

__________________________

Bookkeeping Professional | Real Estate Investor | USMC Veteran

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Time Capital Bookkeeping & CFO Solutions
5.0 stars
15 Reviews

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