Business Expenses–Hollywood Got It Wrong

Business Expenses–Hollywood Got It Wrong
I enjoyed the movie Stranger Than Fiction—anything that manages to merge Tax Accounting and Writing together in a cohesive and entertaining way gets four stars in my book. Unfortunately, since “entertaining” and “taxes” are rarely synonymous, movies and books, including the one mentioned above, generally take the easy route and make stuff up to make ...

Napkins Aren’t Receipts

Napkins Aren’t Receipts
Apparently lawyers can’t talk their way out of everything. One attorney attempted to deduct self-generated, handwritten receipts, which I imagine were in crayon on the back of his used Famous Dave’s napkins. He not only couldn’t provide any receipts of purchase, he couldn’t provide any credit card statements, or any third party generated proof at ...