Tax Court Denies RV Business Deductions
Hello RV.net Friends, If you are taking business deductions for RV use, you should share this case with your CPA. Tax Court Case Dellward R. Jackson et ux. v. Commissioner; T.C. Memo. 2014-1...
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Many years ago, a friend who was a Forrester with his own consulting business on the West Coast bought a float plane in order to easier access remote areas. His accountant warned him:n "You will be audited!"
That tax year he included a note with his return: "Dear Tax Man, I understand that I will probably be audited because of the purchase of the aircraft. I thought that you might want to wait a year because next year I am buying a 100 foot boat to use a floating base camp. You could save time and money by doing them both together".
With a refund check "was a hand written note: "See you next year, The Tax Man"
Thanks to scrupulous record keeping the audit went fine.
That tax year he included a note with his return: "Dear Tax Man, I understand that I will probably be audited because of the purchase of the aircraft. I thought that you might want to wait a year because next year I am buying a 100 foot boat to use a floating base camp. You could save time and money by doing them both together".
With a refund check "was a hand written note: "See you next year, The Tax Man"
Thanks to scrupulous record keeping the audit went fine.
