View Single Post
  #68   Report Post  
Posted to alt.home.repair,alt.hvac
Shaun Eli Shaun Eli is offline
external usenet poster
 
Posts: 226
Default WHY CONTRACTORS COST WHAT THEY DO

You said you deducted ALL your gas, ALL your meals, all of your
truck... the general guideline is whether your meals and travel are
actually business-related. If you occasionally hire your friend, and
you two eat out five times a week, those meals aren't really a
business expense.

But I'll leave it between you, your accountant, the IRS and possibly a
judge and jury.