year, and that is to keep a diary in which the date time, names of people, and
purpose of business meals are recorded. Of course the IRS loves to see
receipts, but will accept a diary-type record of expenses when receipts are lost
or not available.
Accurate recording of mileage driven, especially to on-site work contracts, can
be an additional source for deductions..
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----- Original Message -----
From: "Jeffry Houser" <[EMAIL PROTECTED]>
To: "CF-Community" <[EMAIL PROTECTED]>
Sent: Friday, October 17, 2003 7:27 AM
Subject: Re: Texas corporation question
| I usually deduct all "meals" that I eat either with clients or when I'm
| on-site at a client location.
| In the past this number has usually been low (under $200). This year
| I've been doing a lot of on-site work, so it'll probably be much higher.
| I understand that this is one of the items that could be a flag for the
| IRS.
|
|
| At 08:05 AM 10/17/2003 -0500, you wrote:
| >Subject: Texas corporation question
| >From: "Dana Tierney" <[EMAIL PROTECTED]>
| >Date: Fri, 17 Oct 2003 11:46:31 GMT
| >Thread:
|
>http://www.houseoffusion.com/cf_lists/index.cfm?method=messages&threadid=10104&
forumid=5#92458
| >
| >Business meals may be partially deductible if they are "reasonable and
| >usual" for your type of business. Percent varies by circumstances.
|
|
|
| --
| Jeffry Houser, Web Developer <mailto:[EMAIL PROTECTED]>
| Aaron Skye, Guitarist / Songwriter <mailto:[EMAIL PROTECTED]>
| --
| AIM: Reboog711 | Phone: 1-203-379-0773
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