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Updated about 2 years ago,
Bookkeeper / Real Estate Investor: Business Expenses
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!
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Bookkeeping Professional | Real Estate Investor | USMC Veteran
- Max Emory
- max@timecapitalbcs.com
Time Capital Bookkeeping & CFO Solutions
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