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by aresant 5191 days ago
I've been through three audits (of businesses) in the past 12 years.

Their purpose is to "uncover the truth", not to hose you needlessly.

You CAN write off a home office, you CAN write of computers, car miles, travel and entertainment, business meals, etc.

As long as these are legitimate business-related expenses you're in the clear.

As a single-employee S-Corp there shouldn't be such an overwhelming amount of documentation and you can probably push through an audit with minimal headaches.

Probably should add the disclaimer that I am not a CPA, follow at your own advice, but man have I spent enough bucks w/CPAs in the last 12 years to hopefully pass on a bit of hard-won knowledge ;)

1 comments

I've also been audited. If you didn't cheat in the first place, you're not going to be in trouble or have to pay a lot of money.