Everyone knows the basic business expenses but there are few who like to live in the gray area of personal and business incurring expenses.
For instance, have you ever bought a car that you usually use for business work? Do you have a personal laptop always used for the business? What about your smartphone or the home internet connection.
You cannot apply the full cost of these as a deduction since it can raise some red flags and IRS may get behind you. However ... Read more
