Sentences with phrase «legitimate business expenses»

Education expenses for the purpose of learning a new profession would be difficult to qualify as legitimate business expenses.

One of the best parts of being self - employed is that you can deduct legitimate business expenses when you file your taxes.

The trustee will ensure that the trust's beneficiary — your son — actually uses those funds on legitimate business expenses.

Could there be a more legitimate business expense?

If the IRS decides that these weren't legitimate business expenses — and that, instead, the reimbursement amounted to a dividend payment — you'll lose the tax deduction on any interest charges and get socked with corporate taxes, personal income taxes, back - interest charges, and maybe even a penalty.»

One of the perks of having your own small business is that you can deduct legitimate business expenses from your...

Those payments, unlike direct salary, don't have to be reported on your personal tax forms as wages, as long as they qualified as legitimate business expenses, and remained under the IRS's per diem cap rules.

There's always a bit of a grey area between what's a legitimate business expense and what's a employee benefit (liable to tax) but, it's not a huge grey area.

For those that do, however, it's important to keep an eye on how much you are spending, and to make sure all the expenditures you claim are legitimate business expenses.

Short - term business loans can be used for any legitimate business expense, from remodeling or business expansion to buying equipment to launching a new marketing effort.

And every small business owner can claim their legitimate business expenses and write these off against their business income.

Being able to tell the difference between a legitimate business expense and one that doesn't really hold water not only saves you money, it's also important for keeping you out of the sights of the IRS.

As an independent contractor, you have legitimate business expenses that you can write off against your taxes.

In other cases, the item is a legitimate business expense, but you can only claim a portion of the expense or only claim the expense if particular circumstances apply.

FD: You face a potential problem if the government refuses to allow companies to write off the purchase of sports tickets as a legitimate business expense.

The money was allocated by Espada's janitorial firm and classified as a legitimate business expense, the feds say.

Both Espada and his son also face a separate criminal tax fraud trial in Manhattan federal court on charges that they deliberately misstated their income, filed false returns and intentionally mislabeled personal expenditures utilizing corporate funds as legitimate business expenses.

Pursue turning your non-deductible personal medical expenses into a legitimate business expense.

If it is a legitimate business expense, you can deduct it regardless of whether or not they are US or foreign workers.

What may seem like a bizarre or unusual expense to most may be a legitimate business expense for a small business owner, for instance.

«Business interest,» meaning interest paid on any loan taken out for business purposes, is considered a legitimate business expense, and that includes interest on credit cards.

A lot of military people keep their homes and rent them out when they leave, and if you do, you have legitimate business expenses to travel where you may have put down roots.

And be reasonable: your dinner may be a legitimate business expense, but your spouse's probably isn't.

If $ 499 and $ 1,099 are about equally disposable to you (or to your legitimate business expenses), the Vive Pro definitely provides one of the best virtual reality experiences you can purchase today.

I do not think that your meals would be deductible as a legitimate business expense.

Sounds like a legitimate business expense to me.