TravelAgentTodd
Returning Member

Deductions & credits

Thanks for the prompt and thorough response.

A few clarifications based on your reply:

1 - This is for tax year 2017. 

2 - My wife and I are an LLC with no employees so we file via Schedule C.

3 - We both take the FAM as we are both registered agents via IATA.

4 - I believe we were flagged as we had a loss for 2017 and the bulk of the expenses were travel-related (as you would expect from a travel agency).

5 - We're taking your advice and seeking help from a CPA to contest the IRS charges.

6 - Any other thoughts or suggestions?