Deducting Home Brew Expenses

[BrewnWKopperKat]

Alhough it's a "very very small slice", it may be appropriate to confirm with the businesses attorney/accountant that it's worthwhile to claim this as a business expense.

 

[Sammy86]

Totally understand where your coming from but we write off A LOT of food and expenses, this would be a very very small slice of that and according to the IRS laws I posted above were within our rights to claim it the 50% or at least enough to argue it to an auditor.....I'm not concerned about the state of Utah.

Like @BrewnWKopperKat said I'd verify with a lawyer/accountant. Getting your business/personal taxes audited is not a pleasant experience. I know from personal experience, had to get a lawyer and do the whole 9.

 

[Knightshade]

Like @BrewnWKopperKat said I'd verify with a lawyer/accountant. Getting your business/personal taxes audited is not a pleasant experience. I know from personal experience, had to get a lawyer and do the whole 9.

Completely agree...my previous comment had quite a bit of angst behind it. Audited one year....you owe. Verified w/CPA...yeah...you're screwed. About 6 months later...got another letter in the mail....for the next year's taxes...rinse..repeat....ugh.

Frickin...Frack...