If I were to get audited, what would I need?
While IANAL (tax or otherwise), I have always found that keeping original receipts is the only way to go. While anything can, at some level, be forged or faked, a photo is one more step removed from the original.  A mere listing on a web site isn't much proof of anything. Keep your originals for a suggested seven years; while the IRS is trying to audit much faster than that, and any inkling of fraud can be investigated at any time, you should be well and clear with originals kept that long.
I've done my taxes using turbotax for years and they were not simple, Schedule C (self-employed), rental properties, ESPP, stock options, you name it. It's a lot of work and occasionally i did find bugs in TurboTax. ESPP were the biggest pain surprisingly. The hardest part is to get all the paperwork together and you'd have to do it when you hire an accountant anyway. That said this year i am using an accountant as i incorporated and it's a whole new area for me that i don't have time to research. Also in case of an audit i'd rather be represented by a pro. I think the chance of getting audited is smaller when a CPA prepares your return. As DJClayworth said, be very careful with this one!   The property is a residence, not a business location.  Given that, it is almost a certainty that the IRS is not going to let you claim 100% of the expenses for the home as a business expense, even if nobody's actually living there.   You may get away with doing this for a period of time and not run into zoning or other issues such as those DJ mentioned, but it's like begging for trouble.  You run the very real risk of being audited if you try to do what you're proposing, and rest assured, whatever you saved in taxes will disappear like smoke in the wind under an audit. That being said, there's no reason you can't call a tax service and ask a simple question, because in answering it they're going to hope to gain your business.  It'd be well worth the phone call before you land yourself in any hot water with the IRS.  I can tell you that I'd rather have a double root canal with no anesthetic than go through an audit, even when I didn't do anything wrong! (grin) Good luck! &gt; One of the best news I've heard today. That's the right way JetBlue, awesome gesture.  I don't know on this one. While it gives the warm fuzzies, all it means in reality is the seats will be all be sold out really fast.   The economist in me that I pretend to be while listening to Freakonomics in my car, wants to point to this quote, that I feel turned me around on this:  &gt;LEVITT: And consumer surplus is one of the most important things in economics. One of the incredible beauties of the market system is that for so much of what we buy, we would have been willing to pay way more for it than we actually have to. A great example is water. How much do we pay for water each month? I don’t know what your water bill is. Mine is maybe $40. But think about how much we’d be willing to pay for water. Water is — I mean we’d be willing to pay almost anything for water, but it’s really, really cheap. So in that way, the modern economy has arranged things so that we get things we need — like water and food — much more cheaply than we’d be willing to pay. And that is really important. That is really the magic of the market.   &gt; DUBNER: To me what sounds like the problem is how do you measure that? Because I need to know what you in your head were willing to pay before you came to the store and then were confronted with the actual price. So how typically have economists measured those two numbers — what you pay and what you’re willing to pay?  &gt; LEVITT: So, Dubner, you have never been more right about anything in your life than what you just said because we simply have no good ways to measure consumer surplus. Because we know what people pay, we can sometimes see that, observe how much they buy. But we never see what’s inside their head, what their choice, what they would be willing to pay. If we’re really going to estimate a consumer surplus, what you would want to do is you would want to take a consumer and somehow magically you’d want to reproduce that consumer in 10 parallel universes.  source: http://freakonomics.com/podcast/uber-economists-dream/ The advice above is generally good, but the one catch I haven't seen addressed is which specific laws apply.  You said that you are in Arkansas, but the dealer is in Texas.  This means that the laws of at least two different states are in play, possibly three if the contract contains a clause stating that disputes will be handled in a certain jurisdiction, and you are going to have to do some research to figure out what actually applies.   One thing that may significantly impact this issue is whether you were in TX or AR when you signed the contracts.  If you borrowed the money in TX, and the lender is in TX, then it is almost certain that the laws of Texas will govern.  However, if you were living in AR at the time you acquired the loan, particularly if you were in AR when you signed the papers, you have a decent case for claiming that the laws of Arkansas govern.  I don't know enough about either state to know if one is more favorable to the consumer than the other, but it is a question you really want to have answered.  That said, I would be shocked if any state did not have provisions requiring the lender to provide a copy of the terms and a detailed statement of the account and transaction history upon request.  Spend some time on the web site of the Texas attorney general and/or legislator (because that is where the lender is, they are more likely to respect Texas law) to see if you can track down any specific laws or codes that you can reference.  You might also look into the federal consumer protection laws, though I can't think of one off hand that would apply in the scenario you have described.   Then work on putting together a letter asking them to provide a copy of the contract and a full history of the account.  As others noted, make sure you send it certified/return receipt, or better yet use a private carrier such as fedex, and check the box about requiring a signature. Above all you need to get the dialog transferred to a written form.  I can not stress this point enough.  Everything you tell them or ask for from here out needs to be done in a written format.  If they call you about anything, tell them you want to see their issue/offer in writing before you will consider it. You do not necessarily need a lawyer to do any of this, but you do need to know the applicable laws.  Do the research to know what your legal standing is.  Involve a lawyer if you feel you need to, but I have successfully battled several large utility companies and collection agencies into behaving without needing one. It appears all you have to do is submit a form. It might be better if she submitted it herself instead of you doing it on her behalf.  All natural persons (individuals) and non-natural persons (businesses)   are entitled to access and inspect the data held on record about them   in the Central Credit Information System (KHR). Anyone who has that kind of money to blow probably has a CPA with a power of attorney who could provide such a service. I don't have that kind of money but I do have a CPA with a POA who would gladly charge me and arm and a leg to deliver money to me. "You need to consult a lawyer in your area. Generally speaking though, if you breach the T&C, they don't have to follow them either, which means that whatever they were responsible for in those terms and conditions, they're no longer responsible.  So if you get hacked, and they can prove you breached T&C by sharing your credentials, they are absolutely off the hook for your financial losses. So if they detect you're in breach, they may record it and not pursue any other action unless/until you have an issue, in which case they say, ""they're in breach, see here, here and here.""  Or there may be regulations that require they notify you of their detection of the breach.  If this sort of regulation exists, I suspect that the notification would also include a termination of all accounts as well.  I can also picture situation where a company might have such a policy built into the T&C so that they can steer as clear as possible from any situations involving liability and cyber-crime in the same sentence. My suggestion would be to take the terms and conditions for your banks to some kind of legal clinic and get them to explain the parts that you do not understand." I don't think there is a legal requirement that you need a separate bank account. Just remember that you can only take money from your LLC as salary (paying tax), as dividend (paying tax), or as a loan (which you need to repay, including and especially if the LLC goes bankrupt). So make very sure that your books are in order.