Rachel is a self-employed business consultant.As a necessary and ordinary component of running and growing her business,she incurs significant expenses for travel and business meals with clients,but she has not kept receipts.She will be able to deduct a reasonable amount of these ordinary and necessary expenses under the Cohan rule.

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The Answer of Rachel is a self-employed business consultant.As a necessary and ordinary component of running and growing her business,she incurs significant expenses for travel and business meals with clients,but she has not kept receipts.She will be able to deduct a reasonable amount of these ordinary and necessary expenses under the Cohan rule.

Rachel Is a Self-Employed Business Consultant