By: Joan Stoner, CPASitting in the tax interview, I often ask for missing information that the client forgot to bring. The client will slowly look around and end up telling me an approximate number. I call this finding the answer on the ceiling. The problem: IRS audits. The IRS requires all expenses be documented. If the expenses are for a business, the documentation needs to reflect that the expenses are ordinary and necessary for running the business. There are ot [...]
