Claiming Business Expense Deductions Before You Are in Business
Business deductions are just that. They are expenses incurred in the operation of your business. The IRS says they have to be ‘ordinary and necessary’ for your business. The IRS doesn’t define ‘ordinary and necessary’ well but common sense is a good guide. Think of it as, ‘If I had to incur this expense for … Continue reading Claiming Business Expense Deductions Before You Are in Business
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