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What qualifies as a tax-deductible business expense?
Author: Ted Farley
Website: http://www.Tax-FAQ.com
Added: Sun, Jul 23, 2006 17:52:28
Category: Tax Questions
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Any expense considered ordinary, reasonable, and necessary and facilitates earning a business income qualifies to be a tax-deductible business expense.
The Internal Revenue Service (IRS) says anything that will help you to generate income defines it. For instance, the purchase of a personal computer is considered an ordinary and necessary business expense.
keywords: Taxes | Tax | Tax Deduction | Deductions | Business About the Author:
Ted Farley answers frequently asked tax questions at PrettyGreatAnswers.com.
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