IRC Section 162 Archives - FREE Yourself from IRS Problems

Customer Based Tax Incentives For Businesses

Taking advantage of tax incentives makes good sense for businesses. One reason a business owner should use tax incentives is to help underwrite the cost of maintaining its existing customer base, while continually striving to increase it. Whether a sole…

Shamsey Oloko February 1, 2017 Corporate Tax, IRC Section 162, Ordinary and Necessary Expenses 0

Tax Treatment of Business Entities Part 4: C Corporations

Startup business owners must consider the legal and tax considerations associated with selecting a particular type of business structure. This is the fourth part of a series of blogs on the tax treatment of business entities. This blog will address…

Shamsey Oloko August 12, 2016 Business Expense, Business Expenses, Income Tax, Income Tax Return, IRC Section 162, IRC Section 262, Ordinary and Necessary Expenses 0

Can You Write Off Your (Expensive) Work Clothes?

Most employers impose a dress code for the office. As a result, there are more than a few members of the American workforce who must purchase items including expensive suits, dresses, shirts, blouses, and shoes to observe an employer’s dress…