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Old 08-22-2014 | 05:30 AM
  #166574  
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scambo1
The Brown Dot +1
 
Joined: Jun 2009
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From: 777B
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Originally Posted by badflaps
You don't think that somebody didn't drop a dime on them? Doing that is probably not a group event.....I had a guy ask me where to hide money. I told him Honduras was as good as any. He asked me if it would be insured... I just had to walk away. Some guys just need to color inside the lines.
I get audited frequently. An audit is a receipt check. Auditors are generally disallowed from adding their personal interpretation into what can be considered a gray area...that's why they have supervisors. Keep all receipts (even ones less than $75). Never "cheat" on your taxes. However if a tax area is defensibly gray, I advocate for the write off. The worst that can happen in an audit is that it is disallowed by the supervisor.

Now cheating on your taxes is a whole nutha dumb animal. If you can defend something based on your interpretation of the instructions, write it off.

This is not tax advice, do your own due diligence, ymmv, do not cheat on your taxes.