Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

It’s That Time… Avoiding an Audit
As we wrap up 2016 and move into 2017, it’s time to be planning ahead. We love planning ahead for our future goals and success! It’s the best part of a new year.
Unfortunately, you also have to plan ahead for some less pleasant things – like taxes. Many Realtors® use the last two months of the year to make investments in their marketing and other aspects of their business that they can use as write-offs.
Tracking these expenses correctly so that they can be reported on your taxes is essential. Also, it’s good to know what types of things might trigger an IRS audit so you can avoid them.
Unreasonable DeductionsThe IRS knows that every sole proprietor wants to save as much money as possible on taxes, and will take as many write-offs as possible. However, they will be on high alert against any deductions that are unreasonable.
Trying to write off your backyard pool as a business-related health and wellness expense? Do so at your own risk. The IRS keeps an eye out for anyone who gets too creative. Just because someone – even an accountant – says you can get away with it doesn’t mean you should try.
Deductions That Seem High For Your IncomeAre you trying ... more

__________________________________________________
Are you on The Rain? Grow Your Network!