Incorporation Session 19 - Corporate Business Deductions Part I
This session walks you through corporate business deductions. Kevin speaks on the topics of writing off business expenses and how to keep it legit. You will learn the difference between incorporated entity's allowed deductions. Corporations offer different allowed deductions that can be beneficial to your situation and it is important that business owners understand what kind of deductions apply to their situation. Writing off necessary business expenses should be confirmed with a professional, Kevin explains how to include your CPA, tax attorney and other advisors into the picture so that you keep things legal. Several examples are illustrated and during the instruction, you will see how some expenses could or could not be deductible and how to maximize the tax benefits offered by being incorporated.
Inside This Session
- Itemized business deductions
- Corporate deductions
- Pass through entity deductions
- Professional advice and the importance of a CPA
- IRS rules on deducting business expenses
- Keeping things legal
