What expenses are tax deductible from business income? (2019)

Wether you have a LLC/Corporation or receive business income personally via form 1099-Misc… The answer I give to all my clients is: “Any expense that is necessary, ordinary, reasonable, documented, and legal may be deductible…” Ordinary: means it is commonly accepted in the industry and seen often with other businesses in the same trade Necessary: means the expense was … Continue reading What expenses are tax deductible from business income? (2019)