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  • Lifecycle
    • GAP Planning
    • Selling Versus a Family Succession
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Business deductions for meal, vehicle and travel expenses: Document, document, document

NewsBy Jeff LuckeJuly 27, 2018

Some common deductions for businesses are meal (generally 50%), vehicle and travel expenses. Deductibility depends on a variety of factors, but proper documentation is one of the most critical. Following some simple steps can help ensure your deductions will pass muster with the IRS. First, keep receipts, canceled checks or similar documentation. Also, track the…

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