2006-10-30 12:58:39 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
If you are running a business, the expenses of running the business are mostly deductible. Includes expenses of keeping an office, travel, purchases of items you sell or items you need to run the business. Talk to a CPA - he/she will tell you what can be deducted for your business - the info you'll get will be well worth the fee.
If you're an employee, not a lot. Expenses required to do your job but not reimbursed by your employer can count, depending on what they are and the circumstances.
2006-10-30 13:05:31 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Generally small businesses us Schedule C to report their income and expenses. The link below will provide you with a copy of that form. In the expense section you will see the general categories of deductible expenses. You can find further assistance at http://www.irs.gov
http://www.irs.gov/pub/irs-pdf/f1040sc.pdf
2006-10-30 21:45:56 · answer #2 · answered by ? 6 · 1⤊ 0⤋
Generally any expewnse to run the business. If you go to irs.gov you can get a copy of the irs tax guide for small business owners
2006-10-31 08:21:14 · answer #3 · answered by waggy_33 6 · 1⤊ 0⤋