Bloomberg (Miri Forster and Sarah Adkisson), Aspiring Influencer’s Tax Case Shows the Importance of Receipts:

Receipt culture is everywhere, especially in the tax world.

The US Tax Court decision last month in Sami v. Commissioner, a case involving an aspiring social media influencer, highlights the importance of keeping good records and not commingling business and personal accounts. Ultimately, the court disallowed the bulk of his deductions because he couldn’t prove the expenses were primarily for business purposes.

The case centered on Suleiman Sami, a chauffeur, ticket reseller, and influencer — all of which he handled under a Schedule C business during tax years 2019 to 2021. It’s unclear how much income, if any, he generated as a ticket reseller, and for the years at issue, he generated no advertising income from his social media accounts.