Atlanta Buckhead Midtown: Keep Your Money Off IRS Table - Meals & More
By Lynn B. Friedman CRS Atlanta, GA 404-939-2727, Concierge Service for Our Atlanta Sellers & Buyers
(Atlanta Homes ODAT Realty - Love our Great City - Love our Clients! Buckhead - Midtown - Westside)
Atlanta Buckhead Midtown: Keep Your Money Off IRS Table - Meals & MoreWhether in Atlanta Buckhead Midtown or the Westside, Keep Your Money Off IRS Table by tracking meals & more. Once we keep proper records, we'll be ahead of the process for sure. A previous post of mine discussed Mileage Deductions. What may be deducted from your amount due for taxes? In IRS Publication 535,* those expenses are described as follows:"To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary."Even though an expense may be ordinary and necessary, it is importan...
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