I always liked getting that fat check in spring, but when she showed me the $340 I lost to penalties last year by underpaying every quarter, I switched on the spot, and now I'm just curious if anyone else feels that same sting when they see their effective rate.
Stopped by a shared office space last Tuesday and this accountant was telling a freelancer she wouldn't touch their 60% food deduction without receipts itemized by client. She said the IRS flags anyone who lumps coffee runs with client dinners. Made me wonder, how detailed do you guys get with your meal logs, or do you just guess and hope?