List of tax deductions for business

List of tax deductions for business - starting with A

• Abandonment of property used for business purposes
• Accounting and auditing expenses such as:
  • costs of bookkeeping
  • costs of tax strategy preparation
  • costs of preparing and filing any tax returns
  • costs of investigation of any tax returns
  • costs of defense against any IRS or state agency audits or challenges
• Accounts receivable, worthless
• Achievement awards - requires plan:
  • longevity award
  • safety award
  • sales award
• Advances made to employees or sales people where repayment is not expected
• Advances to employees canceled as bonus
• Advertising expenses such as:
  • premium given away
  • advertising in
    • newspaper, magazine, radio, and other media
  • Prizes and other expenses in holding contests or exhibitions
  • contributions to various organizations for advertising purposes
  • cost of displays, posters, and so on at attract customers
  • Publicity - generally speaking, all costs including entertainment, music, etc.
  • Christmas presents to customers or prospects using de minimis rule

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