It's nothing personal

Roth, J. D.
October 2013
Entrepreneur;Oct2013, Vol. 41 Issue 10, p104
The article considers U.S. taxation law related to tax deductions for business expenses. Areas of ambiguity between legitimate business expenses and personal spending are considered, particularly the provision that spending in the expectation of generating revenue is a legitimate expense. Issues which may result in Internal Revenue Service (IRS) audits are discussed including use of business credit cards for personal expenses, business travel with family or friends and home office use.


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