TaxAudit Blog

If you want to deduct your first-class airfares, be aware that the IRS may question you about these expenses and will make its decision based on each trip.

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The deduction of any expenses, including snacks for riders from rideshare drivers, depends on your personal facts and circumstances. Let's explore more.

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The IRS regards your personal driver’s license as a nondeductible expense. A commercial driver’s license that is required for your business may be deductible.

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Whether you can write off karate classes on your taxes relies heavily on your personal circumstances. Let's explore more.

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Yes, you can deduct interest on your business and personal credit cards to the extent that the interest relates to business expenses. Let's explore more.

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When operating a business, the last thing you want to worry about is being audited by the IRS or a state agency. Record keeping should be a high of a priority.

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Under current federal law, union dues are generally not deductible. However, there are a few exceptions, and if your union dues meet one of them you are in luck

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If you have unreimbursed business expenses as an employee, then those expenses are generally no longer deductible on your 2019 federal tax return.

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Even if you cannot deduct your unreimbursed business expenses for your federal return, you may still be able to deduct them for your state return.

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When it comes to the deductibility of business expenses the answer is likely to be “Yes, No, Maybe So, or Not Now.” Here are a few examples to consider.

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The fact is that running your own business increases your chances of being audited by the IRS or your state tax agency.

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Deductions for expenses considered to be entertainment, amusement or recreation have basically been eliminated except for the deductibility of business meals.

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With the costs of obtaining a Master of Business Administration skyrocketing - often costing up to $80,000 - you might be wondering: is my MBA tax deductible?

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