Things Lawyers Think Are Tax Deductible That Are Not–Lawyerist.com

By Steven Chung

When it comes to deducting business expenses from taxable income, the general rule is that the expense is deductible if it is ordinary and necessary in the regular course of business. Because this definition is broad, most business expenses are deductible as a matter of common sense. However, there are some statutory exceptions that many people do not know about.
 

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