|
I was audited many years ago when was racing dirt sprints and had it all set up as a business. I feared the worst even though I had documented everything, since I had heard Big Brother didn't look kindly upon racing as a business. The only thing they got me on was trying to write off a motor at the end of the year. They said it had to be depreciated. As they say in business, 'PAPER THE FILE!'.
|