I know a business expense is not taxed but is it reimbursed annually?
2007-04-29 17:03:55 · 3 answers · asked by Camara G 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
No it's not reimbursed. It's subtracted from your income though, so that much of your income isn't taxed.
2007-04-29 17:08:53 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
You're joking, right? Of course not! Tax policy is used to influence business decisions to be sure. But an outright refund of business costs? No chance!
2007-04-30 00:35:34 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
No, that's a far out thought. The government would not pay your bills for you. Think about it for a second, if you pick a vendor, the government would be paying for those costs of goods sold. That would be like you got the product for free and then sold it at 100% profit.
2007-04-29 17:12:35 · answer #3 · answered by christopher s 3 · 0⤊ 0⤋