List of tax deductions for business

List of tax deductions for business - starting with C

• Cafeteria plan - requires written plan
• Capital asset sale - losses
• Car and taxi fares
• Casualty damages such as:
  • bombardment
  • fire
  • storm
  • hurricane
  • wind
  • rain
  • ice
  • heat
  • drought
  • forest fire
  • freezing of property
  • impairment or collapse of property
• Charitable contributions
• Checking account bank charges
• Child care - requires written plan
• Children's salaries
• Christmas presents to employees, customers, and prospects for advertising or publicity purposes, or goodwill, or if customary in the trade
• Collection expenses, including attorney's charges
• Commissions on sales of securities by dealers in securities
• Commissions paid to agents
• Commissions paid to employees for business purposes
• Commissions paid to sales people
• Condemnation expenses
• Contributions (deductible if made to organization founded for the following purposes, subject to some limitations):
  • religion
  • charitable
    scientific
  • literary
  • educational
  • prevention of cruelty to children and animals
• Convention expenses, cost of attending conventions
• Cost of goods
• Credit report costs