Skip to content

MENU

Farrell Fritz, P.C. logo
HomeResourcesSubscribeContact

Tax Law for the Closely Held Business

Legal Updates & Commentary for Tax & Estate Planning

can you back it up?

Subscribe to can you back it up? via RSS

Recordkeeping: It’s Not Optional

By Farrell Fritz P.C. on October 7, 2014
Posted in Federal Tax Issues

For the owner of a closely-held business, and especially one with a limited support staff, it can be easy to drift into carelessness or, worse, neglect, when it comes to maintaining detailed records of the business’s expenses.  However, as one taxpayer recently learned the hard way, such inattention to detail can come back to haunt…

Stay Connected

LinkedIn RSS

Subscribe By Email

Topics

Archives

Recent Updates

  • How Dealings between Related Parties Doomed a Captive Insurer
  • Corporate Tax Hike on the Horizon: Using Reasonable Compensation to Withdraw Value
  • Leaving New York? Plan for the Taxation of Deferred Compensation
  • The Biden Presidency: How Will Cannabis Business Be Taxed?
  • Statutory Residence for the “Former” New Yorker

Farrell Fritz Blogs

  • All About eDiscovery
  • Federal Government Civil Litigation
  • Long Island Land Use & Zoning
  • NY Business Divorce
  • NY Commercial Division Practice
  • NY Health Law
  • NY Trusts & Estates Litigation
  • NY Venture Hub
Copyright © 2025, Farrell Fritz, P.C. All Rights Reserved.
Privacy PolicyDisclaimer
LinkedIn RSS
Attorney Advertising
Law blog design & platform by LexBlog LexBlog Logo
Farrell Fritz, P.C. (main office): 400 RXR Plaza, Uniondale, NY 11556-3826 (516) 227-0700