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

A.J. Reynolds
May 12, 2017

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

Want to view entire articles or watch the videos?

Log In or Subscribe today!

CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

RSS​ Facebook Twitter