Tax Guide to Business Expenses#493524

Course Description

Course publication/revision date: This course was updated on 1/29/2024 (covers 2024 tax year).

Business expenses are the costs of carrying on a trade or business, and they are usually deductible if the business is operated to make a profit. This mini-course reviews various expenses that businesses may deduct and the requirements that must be met for those expenses to qualify for deduction. Furthermore, practitioners can use this as a guide to determine which of their clients’ taxes are deductible as business expenses.