Where to Report Your Business Tax Deductions

The answer to the question “Where do I report my business tax deductions?” depends on three factors:

The legal structure of your business
The tax form(s) you file
The type of expense you’re reporting

Since most small business are either unincorporated sole proprietorships or single member LLCs, I’ll answer the question for those entities. For both of these legal [...]

Is It Deductible ?

What business expenses can I deduct on my tax return?
Where do I take the deduction for…(fill in the blank)?
What records do I need to prove the deduction?

Those are the most popular questions I get from small business owners this time of year.

Starting today and continuing through the end of this year’s filing season, I’ll be answering [...]