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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (14667)	4/9/1998 12:32:00 PM
From: David Lawrence	Read Replies (1) \| Respond to of 22053

We were audited once, and the auditor was the union shop steward for the local IRS office. Needless to say, he wasn't on the best of terms with management, and wondered openly why we weren't unionized. :-( We weren't the best record keepers for travel and entertainment expense, which is something the IRS focuses on with closely held companies, lest they charge 40% of their earnings against T&E. He was going to disallow everything, and would not listen to reason. Finally, we called his manager, explained the situation, explained that our entire T&E deduction was less than 1/10th of 1% of our sales, (i.e. negligible), and certainly that should be a reasonable deduction, receipts or not. Result: deduction allowed, audit closed w/o change. Sometimes there is a voice of reason. Sometimes.