![article_search article_search](https://content.checkpointmarketing.net/wp-content/uploads/article_search-1.jpg)
What expenses can’t be written off by your business?
$225.00
Description
Abstract: Business owners who look at the Internal Revenue Code for a list of deductible business expenses may be surprised to find that there isn’t a list of specific deductions. For example, the tax law doesn’t explicitly state that a business can deduct office supplies and certain other expenses. Some expenses are detailed in the code, but the general rule is contained in Section 162, which states a business can write off “all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business.”
Additional information
Year | |
---|---|
Niche | |
Newsletter | |
Issue | |
Word Count |