Substantiation of Certain Business Expenses
Special rules apply to deductions for travel expenses, gifts, meals and entertainment, automobile, boat, airplane, cell phone and computer usage.
The IRS requires substantiation by adequate records or sufficient evidence corroborating the taxpayer's own statement of:
- The amount of business expenses
- The time and place of the expense
- Thebusiness purpose
- The business relationship of the persons involved
Contact us for specifics in your situation.