3 ms·
My guess would be what's filling the gap is pre-existing savings/family money. My point is just that the IRS has standards for what you can deduct or treat as
by jrochkind1 4y ago
My guess would be what's filling the gap is pre-existing savings/family money.
My point is just that the IRS has standards for what you can deduct or treat as a business expense (rather than wages), and it is not "when you work 24/7 a lot of things look like business expenses".
Not paying for your own apartment and instead treating it like a business expense still sounds like tax fraud to me, whether or not the business has it's own office yet.