IRS Audits for Car & Truck Expenses, What You Need to Know

Houston Tax Attorney

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There are a number of issues that the IRS frequently examines on audit.  Car and truck expenses are high on that list.  The applicable rules and court cases must be reviewed before presenting records to the IRS to substantiate car and truck expenses.  This article examines several of these rules and court cases. Deductible Car & […]

Can I Deduct My Clothing Costs?

Houston Tax Attorney

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Can you take a deduction for clothing?  What if you purchase the clothing for work and would not otherwise have purchased the clothing?  What if the clothing is only worn at work?  This is a common dispute that comes up on audit with the IRS.  The Farolan v. Commissioner, T.C. Summary Opinion 2018-28, case provides […]

Deducting Mileage for Business With Minimal Activities

Houston Tax Attorney

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Can you deduct car and truck expenses, such as mileage, if your business has minimal activities?  The court addressed this in Samadi v. Commissioner, T.C. Summary Opinion 2018-27, which provides an opportunity to consider the question. Facts and Procedural History The facts and procedural history for the case are not unusual.  The taxpayer obtained a real […]

Deducting Expenses for Your Hobby

Houston Tax Attorney

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Do you have a hobby that makes money, but costs more than it makes? If so, here is what you need to know before deducting the expenses on your tax return. Business expenses are generally required to be reported on Schedule C, Profit or Loss from Business. A net loss from Schedule C is carried […]