is it illegal to write off personal expenses as business expenses 
because business expenses are tax deductible they can lower your taxable income and reduce the amount of tax you owe however personal expenses cannot be used as tax write offs against business income if you are caught doing this you will end up paying penalties and be charged interest on your unpaid taxes if the amounts are high enough it s possible the irs may take legal action against you the bottom lineirs publication 535 serves as a vital guide for businesses navigating deductible expenses from clarifying essential criteria to warning against non compliance the guide proves indispensable for efficient navigation of evolving tax regulations beyond serving as a roadmap for businesses the publication underscores the importance of strict adherence to irs guidelines cautioning against the exaggeration of expenses or the deduction of unallowable costs with penalties as potential consequences furthermore the guide addresses the impact of the tax cuts and jobs act on deductible business expenses making it an essential and comprehensive resource for businesses navigating the complexities of ever evolving tax regulations with efficiency and confidence 