January 2, 2008 at 3:58 pm
#757802
Member
I have never been audited but there have been times where I wrote off more than 50% of my earnings as expenses. That was when I was doing a lot of PPC marketing.
I don’t think you really have to worry about that too much. There are many businesses that lose money and therefore write off more than 100% of earnings as expenses. Just make sure you can prove all your expenses.