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Tax Cheats Use Expense Accounts To Evade Taxes
The IRS warns that executives and business owners exploit expense accounts to dodge taxes from Kentucky Derby trips to family weddings. Cases include honeymoon charges, wages for relatives, costly parties, and a range of personal costs billed to companies. Line 6a expansion aimed to curb this, but enforcement remains limited and the Cohan rule still provides some deduction latitude.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Chamber of Horrors
Florida
Minnesota
Shoe
Russell C. Harrington
Kentucky
Sioner Harrington
Revenue Service
Cohan
George M. Cohan
The
Court of Appeals
American Bar Assa
London
Bahamas