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Deductibility of Ordinary and Necessary Business Expenses

If you own a company, the rules for deducting business expenses are not always intuitive. Schedule C reporting is an area that the IRS scrutinizes and frequently audits. This guide provides the basic rules for deducting businesses expenses.

Additional resources provided by the author

See, Publication 535, Business Expenses - http://www.irs.gov/uac/Publication-535,-Business-Expenses-1.

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