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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Tuesday, May 4 Expenses – Deductible Insurance Expenses #108Generally, you may deduct the ordinary and necessary cost of insurance as a business expense if it is for your trade, business or profession. However, in some circumstances, you might have to capitalize certain insurance costs under the IRS’ uniform capitalization rules... Subscribers have free access to the archives. Click here. |
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