Deducting Business Expenses: Separating Fact From Myth
Kollath CPA
FEBRUARY 10, 2022
When you’re filing your tax returns, what expenses can you deduct from business income? To start with, a business expense must be both ordinary and necessary to be deductible, according to the IRS. Deducting Business Expenses: Separating Fact From Myth. You must capitalize some costs rather than deduct them.
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