If you’re a business owner, the IRS requires you to have accountable plan provisions — and most accountants miss them. These protect your deductions for:
• Home office reimbursement
• Auto expenses for family or board members
• Immediate write-offs for items under $1,500 (the de minimis rule)
Document these in your company minutes or attach them to your tax return. Without them, the IRS can disallow key deductions in an audit.
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