Which Expenses are Deductible?

In our very long and complex tax code, tax deductions come in all shapes and sizes, and have a lot of sticky rules attached to them. For example, business expenses must be ordinary (common and accepted in an industry) and necessary (helpful and appropriate for the trade or business) to be deductible. Check out what @mikeatintuit says here.

Which Expenses are Deductible?

Get a summary of deductible and non-deductible expenses from Mike D’Avolio, CPA, JD, and share the summary with your tax clients.

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