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Is business travel tax deductible?
Yes, business travel expenses are generally tax deductible if they are necessary and ordinary expenses related to your business.
Are business credit card annual fees tax deductible?
Yes, business credit card annual fees are generally tax deductible as a business expense.
Are business gifts for clients tax deductible?
Yes, business gifts for clients are tax deductible up to a certain limit per recipient per year.
Is interest from credit cards tax deductible for a S-Corp?
yes
Is a personal loan used for business expenses tax deductible?
No, a personal loan used for business expenses is generally not tax deductible. Business expenses should be funded through business loans or other business financing methods to be eligible for tax deductions.
If you give a scholarship to a student can you deduct from 2008 taxes what they should have paid?
Unless your a business or a charity, your gift is not tax deductible.
Is business travel tax deductible?
Yes, business travel expenses are generally tax deductible if they are necessary and ordinary expenses related to your business.
Is tax preparation tax deductible?
Yes. Tax Preparation does lies under business investment thus, is tax deductible.
Are business credit card annual fees tax deductible?
Yes, business credit card annual fees are generally tax deductible as a business expense.
What meals are tax deductible?
business meetings
Are business gifts for clients tax deductible?
Yes, business gifts for clients are tax deductible up to a certain limit per recipient per year.
Is interest from credit cards tax deductible for a S-Corp?
yes
Is a personal loan used for business expenses tax deductible?
No, a personal loan used for business expenses is generally not tax deductible. Business expenses should be funded through business loans or other business financing methods to be eligible for tax deductions.
What are the rules and regulations surrounding the business gift tax deduction?
The rules and regulations for the business gift tax deduction allow businesses to deduct up to 25 per gift given to a client or customer. Gifts must be directly related to the business and have the company's name clearly visible. Any gifts exceeding 25 per recipient may not be fully deductible.
Is a 12000 gift tax deductible to the giver?
No. Only donations to qualified charities are deductible, within limits. The threshold your addressing is that certain gifts to family and such, below 13K per person (in 2009, 12k per person in 2008), aren't TAXABLE (under gift tax laws) to the giver.
Are life insurance premiums paid tax deductible by a business?
no,
Are pets' medical expenses tax deductible?
Only if you are in the business of selling or caring for pets. Your own pets' expenses are not deductible even if you are in the business.
