0
Your question is overly broad and lacks understading of business and tax accounting. Generally, all costs of making income are expenses in determining both book and taxable income. While some book expenses may not be deductable for tax, the differences are more when they are realized/recognized than what they are.
Haven Walter
Add your answer:
Earn +20 pts
Is rent expense deductible with the IRS?
No. Personal expenses are not deductible on your 1040 income tax return.
Are federal tax payments deductible expenses for a corporation?
No
Depreciation a source of cash inflow because?
it is a tax- deductible noncash expense
Im a hairdresser commission paid by my employer but they take a product charge off my earnings to cover the costs of hair color is this a tax deductible business expense for me?
Yes, hair color can be counted as a tax deductible business expense.
Why is interest expense said to cost the firm substantially less than the actual expense while dividends cost it 100 percent of the outlay?
Due to the after tax cost of a tax-deductible expense can be computed as the actual expense times one minus the tax rate, because a dividend on common stock is not tax-deductible, we say it cost 100 percent of the amount paid. Shannon Coffey Wayne, MI
Is rent expense deductible with the IRS?
No. Personal expenses are not deductible on your 1040 income tax return.
Are federal tax payments deductible expenses for a corporation?
No
Why is the after-tax cost of debt rather than the before-tax cost used to calculate the weighted average cost of capital?
Because interest expense is deductible. Because interest expense is deductible.
Depreciation a source of cash inflow because?
it is a tax- deductible noncash expense
Im a hairdresser commission paid by my employer but they take a product charge off my earnings to cover the costs of hair color is this a tax deductible business expense for me?
Yes, hair color can be counted as a tax deductible business expense.
Are marketing expenses tax deductible items to a corporation?
Yes, in most situations.
Why is interest expense said to cost the firm substantially less than the actual expense while dividends cost it 100 percent of the outlay?
Due to the after tax cost of a tax-deductible expense can be computed as the actual expense times one minus the tax rate, because a dividend on common stock is not tax-deductible, we say it cost 100 percent of the amount paid. Shannon Coffey Wayne, MI
Are automobile lease payments tax deductible?
Not on personal leases, sometimes on business leases (as an expense).
When did advertising costs become tax deductible?
When they became a ordinary and necessary expense of the business operation.
As marginal tax rates increase the after-tax cost of a non-deductible expense will?
"http://wiki.answers.com/Q/As_marginal_tax_rates_increase_the_after-tax_cost_of_a_non-deductible_expense_will"
Which of the following are income tax deductible items to a corporation Common stock dividends preffered stock dvidends retained earnings or Bond interest expenses?
Interest expenses are tax deductible.
Is a subscription to the Wall Street Journal tax deductible?
In most cases, a subscription to the Wall Street Journal is not tax deductible as a personal expense. However, if you use the subscription for business purposes, such as staying informed on market trends for investing, you may be able to deduct it as a business expense. It's recommended to consult with a tax professional for personalized advice.
