Seminar Replay - Back to the Basics Tax Course - Ordinary and Necessary Business Expenses

Back to the Basics: A Foundational Income Tax Return Preparation Course - May 11-12, 2017

A.J. Reynolds covers the following topics in this session:

• Ordinary and Necessary Business Expenses
  • To be deductible, a business expense must be both ordinary and necessary.
  • An Expense does not have to be indispensable to be considered necessary.
  • Consistently one of the top five litigated issues
  • Costs of Goods Sold
  • Materials and Supplies
  • Repairs and Maintenance
  • Capital Expenses
  • Other Business Expenses
  • Expenses You Cannot Deduct