The Cohan Rule Basis Individuals or businesses audited by the Internal Revenue Service may be familiar with the Cohan rule. The Cohan rule is based upon a court case that may allow a taxpayer an allowance for certain business deductions even if the taxpayer cannot verify or substantiate certain expenses.  A business attorney has prepared...Read More

If you take mileage as a deduction on your income tax return, the IRS audit tip below may help you.  Many individuals will claim mileage as a non-reimbursed employee expense on Form 2106, or if self-employed, on a Schedule C, or the deduction may even be stated on another business income tax return.  Most individuals...Read More