š I definitely love the creativity here.
But letās analyze it a bit.
š Every business expense has to meet at least the Section 162(a) test: ordinary and necessary.
š Would it be ordinary for your business to buy a Valentineās bouquet? Maybe for your marriage ... but is it necessary for generating revenue?
Thatās just the starting point.
š We also weigh court cases, Treasury guidance, and IRS regulations before calling something a legitimate deduction.
And after decades of doing this, hereās my honest take:
āļø An auditor is unlikely to flag a small flower expense ... but that doesnāt mean you should ignore the rules.
š” Bottom line: make sure every deduction can stand on the āordinary and necessaryā foundation before you claim it.
Credit (IG):
David Perez ā iamdavidaperez
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