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Left holding the bag

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  1. #19
    rbrooks715 is offline Metal Recycling Entrepreneur
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    i would suggest some of you get the advice of a good cpa or tax attorney. i would not want to go to an audit and try to explain 1000's of dollars of write offs with out any proof of them.

    http://www.irs.gov/businesses/small/...=98575,00.html

    The responsibility to prove entries, deductions, and statements made on your tax returns is known as the burden of proof. You must be able to prove (substantiate) certain elements of expenses to deduct them.


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