Tax return trend of the times

bobm

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For the last 3 years, there is a substancial increase in unreimbursed business expences filed on their tax returns by educators of all levels ranging from 21% to 43% of their annual income. Almost all were self prepared returns. When audited they were only able to provide a small percentage of paper receipts or canceled checks to substantiate the expenses. When asked, they invarably replied that they did not know how the error occured. When asked to provide their employers' reimbursement policy ... all showed that all major expenses were reimbursed if they had prior approval. Their overstated claims were denied, negligent penalties and interest added to their new tax bill.
 

flowerbug

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seems common sense that if you plan on deducting something you keep a record somehow, just in case...
 

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