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9min chapter
Debunking Tax Myths, Avoiding Audits and Maximizing Savings with Jasmine DiLucci
All the Hacks with Chris Hutchins
Navigating Tax Complexities
This chapter examines the intricate nature of categorizing business-related expenses for tax purposes, with a focus on clothing and personal items. It underscores the importance of intent and documentation in justifying deductions, especially during IRS audits, while navigating common misconceptions post-2017 tax reform. Additionally, it highlights the tax implications of credit card rewards, suggesting that thorough research and professional advice are crucial for compliance.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode