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@edwardcollins_upleveled
🌟 I definitely love the creativity here. But let’s analyze it a bit. šŸ“ Every business expense has to meet at least the Section 162(a) test: ordinary and necessary. šŸ’ Would it be ordinary for your business to buy a Valentine’s bouquet? Maybe for your marriage ... but is it necessary for generating revenue? That’s just the starting point. šŸ” We also weigh court cases, Treasury guidance, and IRS regulations before calling something a legitimate deduction. And after decades of doing this, here’s my honest take: āš–ļø An auditor is unlikely to flag a small flower expense ... but that doesn’t mean you should ignore the rules. šŸ’” Bottom line: make sure every deduction can stand on the ā€œordinary and necessaryā€ foundation before you claim it. Credit (IG): David Perez – iamdavidaperez SF0754

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