Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Tax Ammendment

State Franchise Tax FormsHow Do I Ammend My Tax ReturnH&r Block For MilitaryCan You Still E File 2011 Tax ReturnsTaxcut SoftwareFile Federal And State Tax For FreeHow To File A Amended Tax ReturnFree 1040x Filing2010 Free Tax FilingFiling 2010 Taxes LateHow Do I Refile My TaxesHow To File 1040x2010 Tax CalculatorDfas MilFile A 1040xH&r Block 2011 Tax ReturnFree Tax Software1040ez Turbotax FreeWhere Can I File 2009 Taxes Online For FreeOnline 1040ezFill Out 1040x OnlineTaxes 20091040nr Software FreeAmend My Federal Tax Return1040ez FormAmended Income Tax ReturnOnline Ez FormMississippi State Tax Return Forms 2012Where To File 2012 TaxesAmendmentsVita Tax Locations2010 1040x FormOnline 1040xVita Income TaxWww Irs Amended ReturnsFile State Income Tax OnlyEfile 1040ezHow Do I File 2011 Taxes NowHrblock FreeTax Form Amendment

Tax Ammendment

Tax ammendment Index A Application for enrollment, Form 23 and Form 23-EP. Tax ammendment , Form 5434. Tax ammendment Assistance (see Tax help) Associations, Corporations, associations, partnerships, and other persons that are not individuals. Tax ammendment Attorneys, Attorneys. Tax ammendment Authorization letter, Authorization for Special Appearances C CAF number, Authorization for Special Appearances Certified public accountants (CPAs), Certified public accountants (CPAs). Tax ammendment Comments, Comments and suggestions. Tax ammendment Corporations, Corporations, associations, partnerships, and other persons that are not individuals. Tax ammendment CPAs (see Certified public accountants (CPAs)) D Disbarment, Suspension and disbarment. Tax ammendment , Censure, Disbarments, and Suspensions Disreputable conduct, Incompetence and Disreputable Conduct E Enrolled actuaries, Enrolled actuaries. Tax ammendment Enrolled agent:, Enrolled agents. Tax ammendment , How Does an Individual Become Enrolled? Enrolled retirement plan agent:, Enrolled retirement plan agents. Tax ammendment F FAX copies, FAX copies. Tax ammendment Form 23 and Form 23-EP, Form 23 and Form 23-EP. Tax ammendment Form 2587, Form 2587. Tax ammendment Form 2848, Form Required, Preparation of Form — Helpful Hints, How Do I Fill Out Form 2848? Form 5434, Form 5434. Tax ammendment Free tax services, How To Get Tax Help G Glossary, Practice Before the IRS, Authorizing a Representative H Help (see Tax help) I Inactive retirement status, Inactive retirement status. Tax ammendment Inactive roster, Inactive roster. Tax ammendment Incapacity or incompetency, Incapacity or incompetency. Tax ammendment L Loss of eligibility Failure to meet requirements, Failure to meet requirements. Tax ammendment Loss of eligibility:, Loss of Eligibility M More information (see Tax help) N Non-IRS power of attorney, Non-IRS powers of attorney. Tax ammendment O Office of Professional Responsibility, Practice Before the IRS P Partnerships, Corporations, associations, partnerships, and other persons that are not individuals. Tax ammendment Power of attorney Processing and handling, Processing and Handling Representative, Dealing With the Representative Power of attorney:, What Is a Power of Attorney?, When Is a Power of Attorney Required?, Where To File a Power of Attorney, When Is a Power of Attorney Not Required?, What Happens to the Power of Attorney When Filed? Practice before the IRS, What Is Practice Before the IRS?, Who Can Practice Before the IRS?, Who Cannot Practice Before the IRS? Processing a non-IRS power of attorney, Processing a non-IRS power of attorney. Tax ammendment Protected communication Tax shelters, Communications regarding corporate tax shelters. Tax ammendment Publications (see Tax help) R Registered tax return preparers and unenrolled return preparers, Registered tax return preparers and unenrolled return preparers. Tax ammendment Representation outside the United States, Representation Outside the United States Restrictions, Restrictions Rules of practice Due diligence, Due diligence. Tax ammendment Duties, Duties Duty to advise, Duty to advise. Tax ammendment Restrictions, Restrictions Rules of practice:, What Are the Rules of Practice? S Special appearances, Authorization for Special Appearances Students. Tax ammendment , Student. Tax ammendment , Students in LITCs and the STCP. Tax ammendment Suggestions, Comments and suggestions. Tax ammendment Suspension, Suspension and disbarment. Tax ammendment , Censure, Disbarments, and Suspensions T Tax help, How To Get Tax Help Taxpayer advocate, Taxpayer Advocate Service. Tax ammendment Termination, Incapacity or incompetency. Tax ammendment TTY/TDD information, How To Get Tax Help U Unenrolled individuals Employee, Other individuals who may serve as representatives. Tax ammendment Family member, Other individuals who may serve as representatives. Tax ammendment Fiduciary, Other individuals who may serve as representatives. Tax ammendment Individual, Other individuals who may serve as representatives. Tax ammendment Officer, Other individuals who may serve as representatives. Tax ammendment Partner, Other individuals who may serve as representatives. Tax ammendment Unenrolled individuals:, Other individuals who may serve as representatives. Tax ammendment W Where to file:, Where To File a Power of Attorney Prev  Up     Home   More Online Publications
Español

Better Business Bureaus (BBBs) are nonprofit organizations that encourage honest advertising and selling practices and are supported primarily by local businesses. They offer a variety of consumer services, including consumer education materials; business reports, particularly unanswered or unsettled complaints or other problems; mediation and arbitration services; and information about charities and other organizations that are seeking public donations. They also provide ratings (A, B, C, D, or F) of local companies to express the BBB's confidence that the company operates in a trustworthy manner and demonstrates a willingness to resolve customer concerns.

San Juan, PR

Website: Better Business Bureau

Email: info@wpbbb.com

Address: Better Business Bureau
530 Avenida De La Constitucion, #206
San Juan, PR 00901

Phone Number: 787-289-8710

The Tax Ammendment

Tax ammendment 11. Tax ammendment   Other Expenses Table of Contents What's New Introduction Topics - This chapter discusses: Useful Items - You may want to see: Reimbursement of Travel, Meals, and EntertainmentReimbursements Miscellaneous ExpensesMeaning of generally enforced. Tax ammendment Kickbacks. Tax ammendment Form 1099-MISC. Tax ammendment Exception. Tax ammendment Tax preparation fees. Tax ammendment Covered executive branch official. Tax ammendment Exceptions to denial of deduction. Tax ammendment Indirect political contributions. Tax ammendment Type of deduction. Tax ammendment Repayment—$3,000 or less. Tax ammendment Repayment—over $3,000. Tax ammendment Method 1. Tax ammendment Method 2. Tax ammendment Repayment does not apply. Tax ammendment Year of deduction (or credit). Tax ammendment Telephone. Tax ammendment What's New Standard mileage rate. Tax ammendment  Beginning in 2013, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for business use is 56. Tax ammendment 5 cents per mile. Tax ammendment For more information, see Car and truck expenses under Miscellaneous Expenses. Tax ammendment Introduction This chapter covers business expenses that may not have been explained to you, as a business owner, in previous chapters of this publication. Tax ammendment Topics - This chapter discusses: Travel, meals, and entertainment Bribes and kickbacks Charitable contributions Education expenses Lobbying expenses Penalties and fines Repayments (claim of right) Other miscellaneous expenses Useful Items - You may want to see: Publication 15-B Employer's Tax Guide to Fringe Benefits 463 Travel, Entertainment, Gift, and Car Expenses 526 Charitable Contributions 529 Miscellaneous Deductions 544 Sales and Other Dispositions of Assets 970 Tax Benefits for Education 1542 Per Diem Rates See chapter 12 for information about getting publications and forms. Tax ammendment Reimbursement of Travel, Meals, and Entertainment The following discussion explains how to handle any reimbursements or allowances you may provide to your employees under a reimbursement or allowance arrangement for travel, meals, and entertainment expenses. Tax ammendment If you are self-employed and report your income and expenses on Schedule C or C-EZ (Form 1040), see Publication 463. Tax ammendment To be deductible for tax purposes, expenses incurred for travel, meals, and entertainment must be ordinary and necessary expenses incurred while carrying on your trade or business. Tax ammendment Generally, you also must show that entertainment expenses (including meals) are directly related to, or associated with, the conduct of your trade or business. Tax ammendment For more information on travel, meals, and entertainment, including deductibility, see Publication 463. Tax ammendment Reimbursements A “reimbursement or allowance arrangement” provides for payment of advances, reimbursements, and allowances for travel, meals, and entertainment expenses incurred by your employees during the ordinary course of business. Tax ammendment If the expenses are substantiated, you can deduct the allowable amount on your tax return. Tax ammendment Because of differences between accounting methods and tax law, the amount you can deduct for tax purposes may not be the same as the amount you deduct on your business books and records. Tax ammendment For example, you can deduct 100% of the cost of meals on your business books and records. Tax ammendment However, only 50% of these costs are allowed by law as a tax deduction. Tax ammendment How you deduct a business expense under a reimbursement or allowance arrangement depends on whether you have: An accountable plan, or A nonaccountable plan. Tax ammendment If you reimburse these expenses under an accountable plan, deduct them as travel, meals, or entertainment expenses. Tax ammendment If you reimburse these expenses under a nonaccountable plan, report the reimbursements as wages on Form W-2, Wage and Tax Statement, and deduct them as wages on the appropriate line of your tax return. Tax ammendment If you make a single payment to your employees and it includes both wages and an expense reimbursement, you must specify the amount of the reimbursement and report it accordingly. Tax ammendment See Table 11-1 , Reporting Reimbursements. Tax ammendment Accountable Plans An accountable plan requires your employees to meet all of the following requirements. Tax ammendment Each employee must: Have paid or incurred deductible expenses while performing services as your employee, Adequately account to you for these expenses within a reasonable period of time, and Return any excess reimbursement or allowance within a reasonable period of time. Tax ammendment An arrangement under which you advance money to employees is treated as meeting (3) above only if the following requirements are also met. Tax ammendment The advance is reasonably calculated not to exceed the amount of anticipated expenses. Tax ammendment You make the advance within a reasonable period of time of your employee paying or incurring the expense. Tax ammendment If any expenses reimbursed under this arrangement are not substantiated, or an excess reimbursement is not returned within a reasonable period of time by an employee, you cannot treat these expenses as reimbursed under an accountable plan. Tax ammendment Instead, treat the reimbursed expenses as paid under a nonaccountable plan, discussed later. Tax ammendment Adequate accounting. Tax ammendment   Your employees must adequately account to you for their travel, meals, and entertainment expenses. Tax ammendment They must give you documentary evidence of their travel, mileage, and other employee business expenses. Tax ammendment This evidence should include items such as receipts, along with either a statement of expenses, an account book, a day-planner, or similar record in which the employee entered each expense at or near the time the expense was incurred. Tax ammendment Excess reimbursement or allowance. Tax ammendment   An excess reimbursement or allowance is any amount you pay to an employee that is more than the business-related expenses for which the employee adequately accounted. Tax ammendment The employee must return any excess reimbursement or other expense allowance to you within a reasonable period of time. Tax ammendment Reasonable period of time. Tax ammendment   A reasonable period of time depends on the facts and circumstances. Tax ammendment Generally, actions that take place within the times specified in the following list will be treated as taking place within a reasonable period of time. Tax ammendment You give an advance within 30 days of the time the employee pays or incurs the expense. Tax ammendment Your employees adequately account for their expenses within 60 days after the expenses were paid or incurred. Tax ammendment Your employees return any excess reimbursement within 120 days after the expenses were paid or incurred. Tax ammendment You give a periodic statement (at least quarterly) to your employees that asks them to either return or adequately account for outstanding advances and they comply within 120 days of the date of the statement. Tax ammendment How to deduct. Tax ammendment   You can claim a deduction for travel, meals, and entertainment expenses if you reimburse your employees for these expenses under an accountable plan. Tax ammendment Generally, the amount you can deduct for meals and entertainment is subject to a 50% limit, discussed later. Tax ammendment If you are a sole proprietor, or are filing as a single member limited liability company, deduct the travel reimbursement on line 24a and the deductible part of the meals and entertainment reimbursement on line 24b, Schedule C (Form 1040) or line 2, Schedule C-EZ (Form 1040). Tax ammendment   If you are filing an income tax return for a corporation, include the reimbursement on the Other deductions line of Form 1120, U. Tax ammendment S. Tax ammendment Corporation Income Tax Return. Tax ammendment If you are filing any other business income tax return, such as a partnership or S corporation return, deduct the reimbursement on the appropriate line of the return as provided in the instructions for that return. Tax ammendment Table 11-1. Tax ammendment Reporting Reimbursements IF the type of reimbursement (or other expense allowance) arrangement is under THEN the employer reports on Form W-2 An accountable plan with: Actual expense reimbursement:  Adequate accounting made and excess returned No amount. Tax ammendment Actual expense reimbursement:  Adequate accounting and return of excess both required but excess not returned The excess amount as wages in box 1. Tax ammendment Per diem or mileage allowance up to the federal rate:  Adequate accounting made and excess returned No amount. Tax ammendment Per diem or mileage allowance up to the federal rate:  Adequate accounting and return of excess both required but excess not returned The excess amount as wages in box 1. Tax ammendment The amount up to the federal rate is reported only in box 12—it is not reported in box 1. Tax ammendment Per diem or mileage allowance exceeds the federal rate:  Adequate accounting made up to the federal rate only and excess not returned The excess amount as wages in box 1. Tax ammendment The amount up to the federal rate is reported only in box 12—it is not reported in box 1. Tax ammendment A nonaccountable plan with: Either adequate accounting or return of excess, or both, not required by plan The entire amount as wages in box 1. Tax ammendment No reimbursement plan The entire amount as wages in box 1. Tax ammendment Per Diem and Car Allowances You can reimburse your employees under an accountable plan based on travel days, miles, or some other fixed allowance. Tax ammendment In these cases, your employee is considered to have accounted to you for the amount of the expense that does not exceed the rates established by the federal government. Tax ammendment Your employee must actually substantiate to you the other elements of the expense, such as time, place, and business purpose. Tax ammendment Federal rate. Tax ammendment   The federal rate can be figured using any one of the following methods. Tax ammendment For car expenses: The standard mileage rate. Tax ammendment A fixed and variable rate (FAVR). Tax ammendment For per diem amounts: The regular federal per diem rate. Tax ammendment The standard meal allowance. Tax ammendment The high-low rate. Tax ammendment Car allowance. Tax ammendment   Your employee is considered to have accounted to you for car expenses that do not exceed the standard mileage rate. Tax ammendment Beginning in 2013, the standard business mileage rate is 56. Tax ammendment 5 cents per mile. Tax ammendment   You can choose to reimburse your employees using a fixed and variable rate (FAVR) allowance. Tax ammendment This is an allowance that includes a combination of payments covering fixed and variable costs, such as a cents-per-mile rate to cover your employees' variable operating costs (such as gas, oil, etc. Tax ammendment ) plus a flat amount to cover your employees' fixed costs (such as depreciation, insurance, etc. Tax ammendment ). Tax ammendment For information on using a FAVR allowance, see Revenue Procedure 2010-51, available at www. Tax ammendment irs. Tax ammendment gov/irb/2010-51_IRB/ar14. Tax ammendment html and Notice 2012-72, available at www. Tax ammendment irs. Tax ammendment gov/irb/2012-50_IRB/ar10. Tax ammendment html. Tax ammendment Per diem allowance. Tax ammendment   If your employee actually substantiates to you the other elements (discussed earlier) of the expenses reimbursed using the per diem allowance, how you report and deduct the allowance depends on whether the allowance is for lodging and meal expenses or for meal expenses only and whether the allowance is more than the federal rate. Tax ammendment Regular federal per diem rate. Tax ammendment   The regular federal per diem rate is the highest amount the federal government will pay to its employees while away from home on travel. Tax ammendment It has two components: Lodging expense, and Meal and incidental expense (M&IE). Tax ammendment The rates are different for different locations. Tax ammendment Publication 1542 lists the rates in the continental United States. Tax ammendment Standard meal allowance. Tax ammendment   The federal rate for meal and incidental expenses (M&IE) is the standard meal allowance. Tax ammendment You can pay only an M&IE allowance to employees who travel away from home if: You pay the employee for actual expenses for lodging based on receipts submitted to you, You provide for the lodging, You pay for the actual expense of the lodging directly to the provider, You do not have a reasonable belief that lodging expenses were incurred by the employee, or The allowance is computed on a basis similar to that used in computing the employee's wages (that is, number of hours worked or miles traveled). Tax ammendment Internet access. Tax ammendment    Per diem rates are available on the Internet. Tax ammendment You can access per diem rates at www. Tax ammendment gsa. Tax ammendment gov/perdiemrates. Tax ammendment High-low method. Tax ammendment   This is a simplified method of computing the federal per diem rate for travel within the continental United States. Tax ammendment It eliminates the need to keep a current list of the per diem rate for each city. Tax ammendment   Under the high-low method, the per diem amount for travel during January through September of 2013 is $242 ($65 for M&IE) for certain high-cost locations. Tax ammendment All other areas have a per diem amount of $163 ($52 for M&IE). Tax ammendment The high-cost locations eligible for the higher per diem amount under the high-low method are listed in Publication 1542. Tax ammendment   Effective October 1, 2013, the per diem rate for high-cost locations increased to $251 ($65 for M&IE). Tax ammendment The rate for all other locations increased to $170 ($52 for M&IE). Tax ammendment For October, November, and December 2013, you can either continue to use the rates described in the preceding paragraph or change to the new rates. Tax ammendment However, you must use the same rate for all employees reimbursed under the high-low method. Tax ammendment   For more information about the high-low method, see Notice 2013-65, available at www. Tax ammendment irs. Tax ammendment gov/irb/2013-44_IRB/ar13. Tax ammendment html. Tax ammendment See Publication 1542 (available on the Internet at IRS. Tax ammendment gov) for the current per diem rates for all locations. Tax ammendment Reporting per diem and car allowances. Tax ammendment   The following discussion explains how to report per diem and car allowances. Tax ammendment The manner in which you report them depends on how the allowance compares to the federal rate. Tax ammendment See Table 11-1. Tax ammendment Allowance less than or equal to the federal rate. Tax ammendment   If your allowance for the employee is less than or equal to the appropriate federal rate, that allowance is not included as part of the employee's pay in box 1 of the employee's Form W-2. Tax ammendment Deduct the allowance as travel expenses (including meals that may be subject to the 50% limit, discussed later). Tax ammendment See How to deduct under Accountable Plans, earlier. Tax ammendment Allowance more than the federal rate. Tax ammendment   If your employee's allowance is more than the appropriate federal rate, you must report the allowance as two separate items. Tax ammendment   Include the allowance amount up to the federal rate in box 12 (code L) of the employee's Form W-2. Tax ammendment Deduct it as travel expenses (as explained above). Tax ammendment This part of the allowance is treated as reimbursed under an accountable plan. Tax ammendment   Include the amount that is more than the federal rate in box 1 (and in boxes 3 and 5 if they apply) of the employee's Form W-2. Tax ammendment Deduct it as wages subject to income tax withholding, social security, Medicare, and federal unemployment taxes. Tax ammendment This part of the allowance is treated as reimbursed under a nonaccountable plan as explained later under Nonaccountable Plans. Tax ammendment Meals and Entertainment Under an accountable plan, you can generally deduct only 50% of any otherwise deductible business-related meal and entertainment expenses you reimburse your employees. Tax ammendment The deduction limit applies even if you reimburse them for 100% of the expenses. Tax ammendment Application of the 50% limit. Tax ammendment   The 50% deduction limit applies to reimbursements you make to your employees for expenses they incur for meals while traveling away from home on business and for entertaining business customers at your place of business, a restaurant, or another location. Tax ammendment It applies to expenses incurred at a business convention or reception, business meeting, or business luncheon at a club. Tax ammendment The deduction limit may also apply to meals you furnish on your premises to your employees. Tax ammendment Related expenses. Tax ammendment   Taxes and tips relating to a meal or entertainment activity you reimburse to your employee under an accountable plan are included in the amount subject to the 50% limit. Tax ammendment Reimbursements you make for expenses, such as cover charges for admission to a nightclub, rent paid for a room to hold a dinner or cocktail party, or the amount you pay for parking at a sports arena, are all subject to the 50% limit. Tax ammendment However, the cost of transportation to and from an otherwise allowable business meal or a business-related entertainment activity is not subject to the 50% limit. Tax ammendment Amount subject to 50% limit. Tax ammendment   If you provide your employees with a per diem allowance only for meal and incidental expenses, the amount treated as an expense for food and beverages is the lesser of the following. Tax ammendment The per diem allowance. Tax ammendment The federal rate for M&IE. Tax ammendment   If you provide your employees with a per diem allowance that covers lodging, meals, and incidental expenses, you must treat an amount equal to the federal M&IE rate for the area of travel as an expense for food and beverages. Tax ammendment If the per diem allowance you provide is less than the federal per diem rate for the area of travel, you can treat 40% of the per diem allowance as the amount for food and beverages. Tax ammendment Meal expenses when subject to “hours of service” limits. Tax ammendment   You can deduct 80% of the cost of reimbursed meals your employees consume while away from their tax home on business during, or incident to, any period subject to the Department of Transportation's “hours of service” limits. Tax ammendment   See Publication 463 for a detailed discussion of individuals subject to the Department of Transportation's “hours of service” limits. Tax ammendment De minimis (minimal) fringe benefit. Tax ammendment   The 50% limit does not apply to an expense for food or beverage that is excluded from the gross income of an employee because it is a de minimis fringe benefit. Tax ammendment See Publication 15-B for additional information on de minimis fringe benefits. Tax ammendment Company cafeteria or executive dining room. Tax ammendment   The cost of food and beverages you provide primarily to your employees on your business premises is deductible. Tax ammendment This includes the cost of maintaining the facilities for providing the food and beverages. Tax ammendment These expenses are subject to the 50% limit unless they qualify as a de minimis fringe benefit, as just discussed, or unless they are compensation to your employees (explained later). Tax ammendment Employee activities. Tax ammendment   The expense of providing recreational, social, or similar activities (including the use of a facility) for your employees is deductible and is not subject to the 50% limit. Tax ammendment The benefit must be primarily for your employees who are not highly compensated. Tax ammendment   For this purpose, a highly compensated employee is an employee who meets either of the following requirements. Tax ammendment Owned a 10% or more interest in the business during the year or the preceding year. Tax ammendment An employee is treated as owning any interest owned by his or her brother, sister, spouse, ancestors, and lineal descendants. Tax ammendment Received more than $115,000 in pay for the preceding year. Tax ammendment You can choose to include only employees who were also in the top 20% of employees when ranked by pay for the preceding year. Tax ammendment   For example, the expenses for food, beverages, and entertainment for a company-wide picnic are not subject to the 50% limit. Tax ammendment Meals or entertainment treated as compensation. Tax ammendment   The 50% limit does not apply to either of the following. Tax ammendment Expenses for meals or entertainment that you treat as: Compensation to an employee who was the recipient of the meals or entertainment, and Wages subject to withholding of federal income tax. Tax ammendment Expenses for meals or entertainment if: A recipient of the meals or entertainment who is not your employee has to include the expenses in gross income as compensation for services or as a prize or award, and You include that amount on a Form 1099 issued to the recipient, if a Form 1099 is required. Tax ammendment Sales of meals or entertainment. Tax ammendment   You can deduct the cost of meals or entertainment (including the use of facilities) you sell to the public. Tax ammendment For example, if you run a nightclub, your expense for the entertainment you furnish to your customers, such as a floor show, is a business expense that is fully deductible. Tax ammendment The 50% limit does not apply to this expense. Tax ammendment Providing meals or entertainment to general public to promote goodwill. Tax ammendment   You can deduct the cost of providing meals, entertainment, or recreational facilities to the general public as a means of advertising or promoting goodwill in the community. Tax ammendment The 50% limit does not apply to this expense. Tax ammendment Director, stockholder, or employee meetings. Tax ammendment   You can deduct entertainment expenses directly related to business meetings of your employees, partners, stockholders, agents, or directors. Tax ammendment You can provide some minor social activities, but the main purpose of the meeting must be your company's business. Tax ammendment These expenses are subject to the 50% limit. Tax ammendment Trade association meetings. Tax ammendment   You can deduct expenses directly related to and necessary for attending business meetings or conventions of certain tax-exempt organizations. Tax ammendment These organizations include business leagues, chambers of commerce, real estate boards, and trade and professional associations. Tax ammendment Nonaccountable Plans A nonaccountable plan is an arrangement that does not meet the requirements for an accountable plan. Tax ammendment All amounts paid, or treated as paid, under a nonaccountable plan are reported as wages on Form W-2. Tax ammendment The payments are subject to income tax withholding, social security, Medicare, and federal unemployment taxes. Tax ammendment You can deduct the reimbursement as compensation or wages only to the extent it meets the deductibility tests for employees' pay in chapter 2. Tax ammendment Deduct the allowable amount as compensation or wages on the appropriate line of your income tax return, as provided in its instructions. Tax ammendment Miscellaneous Expenses In addition to travel, meal, and entertainment expenses, there are other expenses you can deduct. Tax ammendment Advertising expenses. Tax ammendment   You generally can deduct reasonable advertising expenses that are directly related to your business activities. Tax ammendment Generally, you cannot deduct amounts paid to influence legislation (i. Tax ammendment e. Tax ammendment , lobbying). Tax ammendment See Lobbying expenses , later. Tax ammendment   You can usually deduct as a business expense the cost of institutional or goodwill advertising to keep your name before the public if it relates to business you reasonably expect to gain in the future. Tax ammendment For example, the cost of advertising that encourages people to contribute to the Red Cross, to buy U. Tax ammendment S. Tax ammendment Savings Bonds, or to participate in similar causes is usually deductible. Tax ammendment Anticipated liabilities. Tax ammendment   Anticipated liabilities or reserves for anticipated liabilities are not deductible. Tax ammendment For example, assume you sold 1-year TV service contracts this year totaling $50,000. Tax ammendment From experience, you know you will have expenses of about $15,000 in the coming year for these contracts. Tax ammendment You cannot deduct any of the $15,000 this year by charging expenses to a reserve or liability account. Tax ammendment You can deduct your expenses only when you actually pay or accrue them, depending on your accounting method. Tax ammendment Bribes and kickbacks. Tax ammendment   Engaging in the payment of bribes or kickbacks is a serious criminal matter. Tax ammendment Such activity could result in criminal prosecution. Tax ammendment Any payments that appear to have been made, either directly or indirectly, to an official or employee of any government or an agency or instrumentality of any government are not deductible for tax purposes and are in violation of the law. Tax ammendment   Payments paid directly or indirectly to a person in violation of any federal or state law (but only if that state law is generally enforced, defined below) that provides for a criminal penalty or for the loss of a license or privilege to engage in a trade or business are also not allowed as a deduction for tax purposes. Tax ammendment Meaning of “generally enforced. Tax ammendment ”   A state law is considered generally enforced unless it is never enforced or enforced only for infamous persons or persons whose violations are extraordinarily flagrant. Tax ammendment For example, a state law is generally enforced unless proper reporting of a violation of the law results in enforcement only under unusual circumstances. Tax ammendment Kickbacks. Tax ammendment   A kickback is a payment for referring a client, patient, or customer. Tax ammendment The common kickback situation occurs when money or property is given to someone as payment for influencing a third party to purchase from, use the services of, or otherwise deal with the person who pays the kickback. Tax ammendment In many cases, the person whose business is being sought or enjoyed by the person who pays the kickback is not aware of the payment. Tax ammendment   For example, the Yard Corporation is in the business of repairing ships. Tax ammendment It returns 10% of the repair bills as kickbacks to the captains and chief officers of the vessels it repairs. Tax ammendment Although this practice is considered an ordinary and necessary expense of getting business, it is clearly a violation of a state law that is generally enforced. Tax ammendment These expenditures are not deductible for tax purposes, whether or not the owners of the shipyard are subsequently prosecuted. Tax ammendment Form 1099-MISC. Tax ammendment   It does not matter whether any kickbacks paid during the tax year are deductible on your income tax return in regards to information reporting. Tax ammendment See Form 1099-MISC for more information. Tax ammendment Car and truck expenses. Tax ammendment   The costs of operating a car, truck, or other vehicle in your business are deductible. Tax ammendment For more information on how to figure your deduction, see Publication 463. Tax ammendment Charitable contributions. Tax ammendment   Cash payments to an organization, charitable or otherwise, may be deductible as business expenses if the payments are not charitable contributions or gifts and are directly related to your business. Tax ammendment If the payments are charitable contributions or gifts, you cannot deduct them as business expenses. Tax ammendment However, corporations (other than S corporations) can deduct charitable contributions on their income tax returns, subject to limitations. Tax ammendment See the Instructions for Form 1120 for more information. Tax ammendment Sole proprietors, partners in a partnership, or shareholders in an S corporation may be able to deduct charitable contributions made by their business on Schedule A (Form 1040). Tax ammendment Example. Tax ammendment You paid $15 to a local church for a half-page ad in a program for a concert it is sponsoring. Tax ammendment The purpose of the ad was to encourage readers to buy your products. Tax ammendment Your payment is not a charitable contribution. Tax ammendment You can deduct it as an advertising expense. Tax ammendment Example. Tax ammendment You made a $100,000 donation to a committee organized by the local Chamber of Commerce to bring a convention to your city, intended to increase business activity, including yours. Tax ammendment Your payment is not a charitable contribution. Tax ammendment You can deduct it as a business expense. Tax ammendment See Publication 526 for a discussion of donated inventory, including capital gain property. Tax ammendment Club dues and membership fees. Tax ammendment   Generally, you cannot deduct amounts paid or incurred for membership in any club organized for business, pleasure, recreation, or any other social purpose. Tax ammendment This includes country clubs, golf and athletic clubs, hotel clubs, sporting clubs, airline clubs, and clubs operated to provide meals under circumstances generally considered to be conducive to business discussions. Tax ammendment Exception. Tax ammendment   The following organizations are not treated as clubs organized for business, pleasure, recreation, or other social purpose unless one of the main purposes is to conduct entertainment activities for members or their guests or to provide members or their guests with access to entertainment facilities. Tax ammendment Boards of trade. Tax ammendment Business leagues. Tax ammendment Chambers of commerce. Tax ammendment Civic or public service organizations. Tax ammendment Professional organizations such as bar associations and medical associations. Tax ammendment Real estate boards. Tax ammendment Trade associations. Tax ammendment Credit card convenience fees. Tax ammendment   Credit card companies charge a fee to businesses who accept their cards. Tax ammendment This fee when paid or incurred by the business can be deducted as a business expense. Tax ammendment Damages recovered. Tax ammendment   Special rules apply to compensation you receive for damages sustained as a result of patent infringement, breach of contract or fiduciary duty, or antitrust violations. Tax ammendment You must include this compensation in your income. Tax ammendment However, you may be able to take a special deduction. Tax ammendment The deduction applies only to amounts recovered for actual economic injury, not any additional amount. Tax ammendment The deduction is the smaller of the following. Tax ammendment The amount you received or accrued for damages in the tax year reduced by the amount you paid or incurred in the year to recover that amount. Tax ammendment Your losses from the injury you have not deducted. Tax ammendment Demolition expenses or losses. Tax ammendment   Amounts paid or incurred to demolish a structure are not deductible. Tax ammendment These amounts are added to the basis of the land where the demolished structure was located. Tax ammendment Any loss for the remaining undepreciated basis of a demolished structure would not be recognized until the property is disposed of. Tax ammendment Education expenses. Tax ammendment   Ordinary and necessary expenses paid for the cost of the education and training of your employees are deductible. Tax ammendment See Education Expenses in chapter 2. Tax ammendment   You can also deduct the cost of your own education (including certain related travel) related to your trade or business. Tax ammendment You must be able to show the education maintains or improves skills required in your trade or business, or that it is required by law or regulations, for keeping your license to practice, status, or job. Tax ammendment For example, an attorney can deduct the cost of attending Continuing Legal Education (CLE) classes that are required by the state bar association to maintain his or her license to practice law. Tax ammendment   Education expenses you incur to meet the minimum requirements of your present trade or business, or those that qualify you for a new trade or business, are not deductible. Tax ammendment This is true even if the education maintains or improves skills presently required in your business. Tax ammendment For more information on education expenses, see Publication 970. Tax ammendment Franchise, trademark, trade name. Tax ammendment   If you buy a franchise, trademark, or trade name, you can deduct the amount you pay or incur as a business expense only if your payments are part of a series of payments that are: Contingent on productivity, use, or disposition of the item, Payable at least annually for the entire term of the transfer agreement, and Substantially equal in amount (or payable under a fixed formula). Tax ammendment   When determining the term of the transfer agreement, include all renewal options and any other period for which you and the transferrer reasonably expect the agreement to be renewed. Tax ammendment   A franchise includes an agreement that gives one of the parties to the agreement the right to distribute, sell, or provide goods, services, or facilities within a specified area. Tax ammendment Impairment-related expenses. Tax ammendment   If you are disabled, you can deduct expenses necessary for you to be able to work (impairment-related expenses) as a business expense, rather than as a medical expense. Tax ammendment   You are disabled if you have either of the following. Tax ammendment A physical or mental disability (for example, blindness or deafness) that functionally limits your being employed. Tax ammendment A physical or mental impairment that substantially limits one or more of your major life activities. Tax ammendment   The expense qualifies as a business expense if all the following apply. Tax ammendment Your work clearly requires the expense for you to satisfactorily perform that work. Tax ammendment The goods or services purchased are clearly not needed or used, other than incidentally, in your personal activities. Tax ammendment Their treatment is not specifically provided for under other tax law provisions. Tax ammendment Example. Tax ammendment You are blind. Tax ammendment You must use a reader to do your work, both at and away from your place of work. Tax ammendment The reader's services are only for your work. Tax ammendment You can deduct your expenses for the reader as a business expense. Tax ammendment Internet-related expenses. Tax ammendment   Generally, you can deduct internet-related expenses including domain registrations fees and webmaster consulting costs. Tax ammendment If you are starting a business you may have to amortize these expenses as start-up costs. Tax ammendment For more information about amortizing start-up and organizational costs, see chapter 8. Tax ammendment Interview expense allowances. Tax ammendment   Reimbursements you make to job candidates for transportation or other expenses related to interviews for possible employment are not wages. Tax ammendment You can deduct the reimbursements as a business expense. Tax ammendment However, expenses for food, beverages, and entertainment are subject to the 50% limit discussed earlier under Meals and Entertainment. Tax ammendment Legal and professional fees. Tax ammendment   Fees charged by accountants and attorneys that are ordinary and necessary expenses directly related to operating your business are deductible as business expenses. Tax ammendment However, usually legal fees you pay to acquire business assets are not deductible. Tax ammendment These costs are added to the basis of the property. Tax ammendment   Fees that include payments for work of a personal nature (such as drafting a will, or damages arising from a personal injury) are not allowed as a business deduction on Schedule C or C-EZ. Tax ammendment If the invoice includes both business and personal charges, compute the business portion as follows: multiply the total amount of the bill by a fraction, the numerator of which is the amount attributable to business matters, the denominator of which is the total amount paid. Tax ammendment The result is the portion of the invoice attributable to business expenses. Tax ammendment The portion attributable to personal matters is the difference between the total amount and the business portion (computed above). Tax ammendment   Legal fees relating to personal tax advice may be deductible on Schedule A (Form 1040), if you itemize deductions. Tax ammendment However, the deduction is subject to the 2% limitation on miscellaneous itemized deductions. Tax ammendment See Publication 529, Miscellaneous Deductions. Tax ammendment Tax preparation fees. Tax ammendment   The cost of hiring a tax professional, such as a C. Tax ammendment P. Tax ammendment A. Tax ammendment , to prepare that part of your tax return relating to your business as a sole proprietor is deductible on Schedule C or Schedule C-EZ. Tax ammendment Any remaining cost may be deductible on Schedule A (Form 1040) if you itemize deductions. Tax ammendment   You can also claim a business deduction for amounts paid or incurred in resolving asserted tax deficiencies for your business operated as a sole proprietor. Tax ammendment Licenses and regulatory fees. Tax ammendment   Licenses and regulatory fees for your trade or business paid annually to state or local governments generally are deductible. Tax ammendment Some licenses and fees may have to be amortized. Tax ammendment See chapter 8 for more information. Tax ammendment Lobbying expenses. Tax ammendment   Generally, lobbying expenses are not deductible. Tax ammendment Lobbying expenses include amounts paid or incurred for any of the following activities. Tax ammendment Influencing legislation. Tax ammendment Participating in or intervening in any political campaign for, or against, any candidate for public office. Tax ammendment Attempting to influence the general public, or segments of the public, about elections, legislative matters, or referendums. Tax ammendment Communicating directly with covered executive branch officials (defined later) in any attempt to influence the official actions or positions of those officials. Tax ammendment Researching, preparing, planning, or coordinating any of the preceding activities. Tax ammendment   Your expenses for influencing legislation and communicating directly with a covered executive branch official include a portion of your labor costs and general and administrative costs of your business. Tax ammendment For information on making this allocation, see section 1. Tax ammendment 162-28 of the regulations. Tax ammendment   You cannot claim a charitable or business expense deduction for amounts paid to an organization if both of the following apply. Tax ammendment The organization conducts lobbying activities on matters of direct financial interest to your business. Tax ammendment A principal purpose of your contribution is to avoid the rules discussed earlier that prohibit a business deduction for lobbying expenses. Tax ammendment   If a tax-exempt organization, other than a section 501(c)(3) organization, provides you with a notice on the part of dues that is allocable to nondeductible lobbying and political expenses, you cannot deduct that part of the dues. Tax ammendment Covered executive branch official. Tax ammendment   For purposes of this discussion, a covered executive branch official is any of the following. Tax ammendment The President. Tax ammendment The Vice President. Tax ammendment Any officer or employee of the White House Office of the Executive Office of the President and the two most senior level officers of each of the other agencies in the Executive Office. Tax ammendment Any individual who: Is serving in a position in Level I of the Executive Schedule under section 5312 of title 5, United States Code, Has been designated by the President as having Cabinet-level status, or Is an immediate deputy of an individual listed in item (a) or (b). Tax ammendment Exceptions to denial of deduction. Tax ammendment   The general denial of the deduction does not apply to the following. Tax ammendment Expenses of appearing before, or communicating with, any committee or member of any local council or similar governing body concerning its legislation (local legislation) if the legislation is of direct interest to you or to you and an organization of which you are a member. Tax ammendment An Indian tribal government is treated as a local council or similar governing body. Tax ammendment Any in-house expenses for influencing legislation and communicating directly with a covered executive branch official if those expenses for the tax year do not exceed $2,000 (excluding overhead expenses). Tax ammendment Expenses incurred by taxpayers engaged in the trade or business of lobbying (professional lobbyists) on behalf of another person (but does apply to payments by the other person to the lobbyist for lobbying activities). Tax ammendment Moving machinery. Tax ammendment   Generally, the cost of moving machinery from one city to another is a deductible expense. Tax ammendment So is the cost of moving machinery from one plant to another, or from one part of your plant to another. Tax ammendment You can deduct the cost of installing the machinery in the new location. Tax ammendment However, you must capitalize the costs of installing or moving newly purchased machinery. Tax ammendment Outplacement services. Tax ammendment   The costs of outplacement services you provide to your employees to help them find new employment, such as career counseling, résumé assistance, skills assessment, etc. Tax ammendment are deductible. Tax ammendment   The costs of outplacement services may cover more than one deduction category. Tax ammendment For example, deduct as a utilities expense the cost of telephone calls made under this service and deduct as rental expense the cost of renting machinery and equipment for this service. Tax ammendment   For information on whether the value of outplacement services is includable in your employees' income, see Publication 15-B. Tax ammendment Penalties and fines. Tax ammendment   Penalties paid for late performance or nonperformance of a contract are generally deductible. Tax ammendment For instance, you own and operate a construction company. Tax ammendment Under a contract, you are to finish construction of a building by a certain date. Tax ammendment Due to construction delays, the building is not completed and ready for occupancy on the date stipulated in the contract. Tax ammendment You are now required to pay an additional amount for each day that completion is delayed beyond the completion date stipulated in the contract. Tax ammendment These additional costs are deductible business expenses. Tax ammendment   On the other hand, penalties or fines paid to any government agency or instrumentality because of a violation of any law are not deductible. Tax ammendment These fines or penalties include the following amounts. Tax ammendment Paid because of a conviction for a crime or after a plea of guilty or no contest in a criminal proceeding. Tax ammendment Paid as a penalty imposed by federal, state, or local law in a civil action, including certain additions to tax and additional amounts and assessable penalties imposed by the Internal Revenue Code. Tax ammendment Paid in settlement of actual or possible liability for a fine or penalty, whether civil or criminal. Tax ammendment Forfeited as collateral posted for a proceeding that could result in a fine or penalty. Tax ammendment   Examples of nondeductible penalties and fines include the following. Tax ammendment Fines for violating city housing codes. Tax ammendment Fines paid by truckers for violating state maximum highway weight laws. Tax ammendment Fines for violating air quality laws. Tax ammendment Civil penalties for violating federal laws regarding mining safety standards and discharges into navigable waters. Tax ammendment   A fine or penalty does not include any of the following. Tax ammendment Legal fees and related expenses to defend yourself in a prosecution or civil action for a violation of the law imposing the fine or civil penalty. Tax ammendment Court costs or stenographic and printing charges. Tax ammendment Compensatory damages paid to a government. Tax ammendment Political contributions. Tax ammendment   Contributions or gifts paid to political parties or candidates are not deductible. Tax ammendment In addition, expenses paid or incurred to take part in any political campaign of a candidate for public office are not deductible. Tax ammendment Indirect political contributions. Tax ammendment   You cannot deduct indirect political contributions and costs of taking part in political activities as business expenses. Tax ammendment Examples of nondeductible expenses include the following. Tax ammendment Advertising in a convention program of a political party, or in any other publication if any of the proceeds from the publication are for, or intended for, the use of a political party or candidate. Tax ammendment Admission to a dinner or program (including, but not limited to, galas, dances, film presentations, parties, and sporting events) if any of the proceeds from the function are for, or intended for, the use of a political party or candidate. Tax ammendment Admission to an inaugural ball, gala, parade, concert, or similar event if identified with a political party or candidate. Tax ammendment Repairs. Tax ammendment   The cost of repairing or improving property used in your trade or business is either a deductible or capital expense. Tax ammendment Routine maintenance that keeps your property in a normal efficient operating condition, but that does not materially increase the value or substantially prolong the useful life of the property, is deductible in the year that it is incurred. Tax ammendment Otherwise, the cost must be capitalized and depreciated. Tax ammendment See Form 4562 and its instructions for how to compute and claim the depreciation deduction. Tax ammendment   The cost of repairs includes the costs of labor, supplies, and certain other items. Tax ammendment The value of your own labor is not deductible. Tax ammendment Examples of repairs include: Reconditioning floors (but not replacement), Repainting the interior and exterior walls of a building, Cleaning and repairing roofs and gutters, and Fixing plumbing leaks (but not replacement of fixtures). Tax ammendment Repayments. Tax ammendment   If you had to repay an amount you included in your income in an earlier year, you may be able to deduct the amount repaid for the year in which you repaid it. Tax ammendment Or, if the amount you repaid is more than $3,000, you may be able to take a credit against your tax for the year in which you repaid it. Tax ammendment Type of deduction. Tax ammendment   The type of deduction you are allowed in the year of repayment depends on the type of income you included in the earlier year. Tax ammendment For instance, if you repay an amount you previously reported as a capital gain, deduct the repayment as a capital loss on Form 8949. Tax ammendment If you reported it as self-employment income, deduct it as a business deduction on Schedule C or Schedule C-EZ (Form 1040) or Schedule F (Form 1040). Tax ammendment   If you reported the amount as wages, unemployment compensation, or other nonbusiness ordinary income, enter it on Schedule A (Form 1040) as a miscellaneous itemized deduction that is subject to the 2% limitation. Tax ammendment However, if the repayment is over $3,000 and Method 1 (discussed later) applies, deduct it on Schedule A (Form 1040) as a miscellaneous itemized deduction that is not subject to the 2% limitation. Tax ammendment Repayment—$3,000 or less. Tax ammendment   If the amount you repaid was $3,000 or less, deduct it from your income in the year you repaid it. Tax ammendment Repayment—over $3,000. Tax ammendment   If the amount you repaid was more than $3,000, you can deduct the repayment, as described earlier. Tax ammendment However, you can instead choose to take a tax credit for the year of repayment if you included the income under a “claim of right. Tax ammendment ” This means that at the time you included the income, it appeared that you had an unrestricted right to it. Tax ammendment If you qualify for this choice, figure your tax under both methods and use the method that results in less tax. Tax ammendment Method 1. Tax ammendment   Figure your tax for 2013 claiming a deduction for the repaid amount. Tax ammendment Method 2. Tax ammendment   Figure your tax for 2013 claiming a credit for the repaid amount. Tax ammendment Follow these steps. Tax ammendment Figure your tax for 2013 without deducting the repaid amount. Tax ammendment Refigure your tax from the earlier year without including in income the amount you repaid in 2013. Tax ammendment Subtract the tax in (2) from the tax shown on your return for the earlier year. Tax ammendment This is the amount of your credit. Tax ammendment Subtract the answer in (3) from the tax for 2013 figured without the deduction (step 1). Tax ammendment   If Method 1 results in less tax, deduct the amount repaid as discussed earlier under Type of deduction. Tax ammendment   If Method 2 results in less tax, claim the credit on line 71 of Form 1040, and write “I. Tax ammendment R. Tax ammendment C. Tax ammendment 1341” next to line 71. Tax ammendment Example. Tax ammendment For 2012, you filed a return and reported your income on the cash method. Tax ammendment In 2013, you repaid $5,000 included in your 2012 gross income under a claim of right. Tax ammendment Your filing status in 2013 and 2012 is single. Tax ammendment Your income and tax for both years are as follows:   2012  With Income 2012  Without Income Taxable Income $15,000 $10,000 Tax $ 1,819 $ 1,069   2013  Without Deduction 2013  With Deduction Taxable Income $49,950 $44,950 Tax $8,423 $7,173 Your tax under Method 1 is $7,173. Tax ammendment Your tax under Method 2 is $7,673, figured as follows: Tax previously determined for 2012 $ 1,819 Less: Tax as refigured − 1,069 Decrease in 2012 tax $ 750 Regular tax liability for 2013 $8,423 Less: Decrease in 2012 tax − 750 Refigured tax for 2013 $ 7,673 Because you pay less tax under Method 1, you should take a deduction for the repayment in 2013. Tax ammendment Repayment does not apply. Tax ammendment   This discussion does not apply to the following. Tax ammendment Deductions for bad debts. Tax ammendment Deductions from sales to customers, such as returns and allowances, and similar items. Tax ammendment Deductions for legal and other expenses of contesting the repayment. Tax ammendment Year of deduction (or credit). Tax ammendment   If you use the cash method of accounting, you can take the deduction (or credit, if applicable) for the tax year in which you actually make the repayment. Tax ammendment If you use any other accounting method, you can deduct the repayment or claim a credit for it only for the tax year in which it is a proper deduction under your accounting method. Tax ammendment For example, if you use the accrual method, you are entitled to the deduction or credit in the tax year in which the obligation for the repayment accrues. Tax ammendment Subscriptions. Tax ammendment   Subscriptions to professional, technical, and trade journals that deal with your business field are deductible. Tax ammendment Supplies and materials. Tax ammendment   Unless you have deducted the cost in any earlier year, you generally can deduct the cost of materials and supplies actually consumed and used during the tax year. Tax ammendment   If you keep incidental materials and supplies on hand, you can deduct the cost of the incidental materials and supplies you bought during the tax year if all the following requirements are met. Tax ammendment You do not keep a record of when they are used. Tax ammendment You do not take an inventory of the amount on hand at the beginning and end of the tax year. Tax ammendment This method does not distort your income. Tax ammendment   You can also deduct the cost of books, professional instruments, equipment, etc. Tax ammendment , if you normally use them within a year. Tax ammendment However, if the usefulness of these items extends substantially beyond the year they are placed in service, you generally must recover their costs through depreciation. Tax ammendment For more information regarding depreciation see Publication 946, How To Depreciate Property. Tax ammendment Utilities. Tax ammendment   Business expenses for heat, lights, power, telephone service, and water and sewerage are deductible. Tax ammendment However, any part due to personal use is not deductible. Tax ammendment Telephone. Tax ammendment   You cannot deduct the cost of basic local telephone service (including any taxes) for the first telephone line you have in your home, even if you have an office in your home. Tax ammendment However, charges for business long-distance phone calls on that line, as well as the cost of a second line into your home used exclusively for business, are deductible business expenses. Tax ammendment Prev  Up  Next   Home   More Online Publications