It’s essential you keep good records to justify each hockey related business expense. If the IRS ever requests further documentation from you about a specific expense, you will need to do two things to prove you are entitled to deduct the expense.
Prove you made the payment by providing either a cancelled check, bank statement or receipt.
Justify why the expense was both ordinary and necessary for your job as a professional athlete
For more information on what you’re able to deduct, please click on the link to common tax deductions in our news section. Of course, you are also always welcome to call me at 585-705-3405.