Expensing Hunting through business LLC

[atmat]

We are always hiring IDVortex but our employees will be working while we are gone.

Savage.

 

[dusky]

Is your business tables?

Nay. Would be fun though.

 

[TandKHunting]

I just got done with a state audit that was supposedly random. We passed with flying colors because we don't play the what can we get away with game. They went into every transaction from two years ago. We had to explain every single one. If something doesn't look right...they will find it. I can promise you that. Then a simple audit turns into a complex audit with lots of digging and questioning.

You can write off whatever you want, but before you do it....ask yourself one question. Can I explain this and justify it? Good CPA's will be conservative because an audit is a pain in the ass with implications costing tens of thousands of dollars in back taxes.

When I was a DUI cop....I read about a statistic one time. On average, folks drive drunk like 80 times before being caught and arrested for a DUI. Just like you should drive sober like you could get caught if you drove drunk that night...always run your business like you could be audited tomorrow. It will make your life much easier.