If you decide to do business as a corporation, you can have your corporation elect to deduct its organization expenditures over a period of at least 60 ... |
If you decide to conduct your business as a partnership, neither the partnership itself nor you as one of the partners would normally be able to deduct the ... |
The category of travel expenses is one of the most commonly encountered type of business tax deduction. However, this category is also one of the most confusing! When is the cost of a trip deductible ... |
You may only deduct travel expenses incurred when you are "away from home." For this purpose, you are traveling away from home if you meet the following two conditions: |
Generally, deductible travel expenses are the ordinary and necessary expenses that you incur while you're away from home in pursuit of your trade or business. In order to claim travel expenses as ... |
You can deduct your travel expenses (including travel, lodging, and meals for yourself) when you attend a convention if you can show that attending the convention benefits your business. |
Simply stated, if you travel outside the U.S. purely for business purposes, all your travel expenses of getting to and from your business destination are ... |
As a small business owner, you may find yourself in the position of having to entertain clients or customers. While this sort of thing is often a business necessity, the costs can really add up. ... |
What kind of expenses constitute deductible meal and entertainment expenses, for which a 50 percent deduction is allowed? Generally, expenses for any activity considered to provide entertainment, ... |
Your expenses for meals and entertainment must be closely related to your business in order to be deductible. In the IRS's view, your expenses may qualify if they meet at least one of the following ... |
