Sentences with phrase «legitimate business deduction»

Often cited as a «red flag» for audits, the home office deduction is in fact a legitimate business deduction with particular importance for certain careers and small business owners.

That way, if you're audited by the IRS, you'll have a clear recollection and confirmation of your legitimate business deductions.

Not exact matches

For $ 35 (which you can claim as a tax deduction for your business) you get the added protection and security of having a legitimate copyright filed on your work.

Airfare, meals, lodging — those are legitimate tax deductions when the primary reason for your trip is business.

The fear of an audit could keep you from taking business deductions on legitimate items.

After all, maximizing your legitimate deductions means minimizing the total tax liability of your business.

I have a full time job and am working on building my REI business albeit I have not done any deals or made any money yet, I believed the training material and other expenses directly related to my part time REI business were legitimate tax deductions.