Realtor comes in with a new client. Client wants her there during our meeting. Realtor wants client who is an Semi Truck driver (owner operator) to use the cents per mile method for the big rig truck instead of actual costs. She says she has seen other CPA's do this. She wants the client to qualify for a mortgage. I don't think you can do the cents per mile method with a big rig truck that drives in the hundred of thousand miles per year. Anyone have any thoughts?
She also wants the client to not report all of his expenses in order to boost up the net income on Sch C.