Work-Related Expenses
The deductibility of many work-related expenses is governed by special rules. These special rules apply to both employees and self-employed individuals. The following are some of the more commonly encountered situations:
Business Use of a Car
When you use a vehicle for business purposes, you can deduct the business portion of the operating expenses on your job or business. This article explains the differences between the standard and actual deduction methods and under what circumstances they can be used.
Deducting Business Transportation
Generally, travel between home and work within a metropolitan area where the taxpayer normally lives and works is nondeductible commuting, even if the trip is made more than once a day. This article explains under what circumstances local travel can be deductible.
Mixing Business With Pleasure
If planned properly, attendees can deduct a portion of the expenses for establishing business relationships and gaining business knowledge while enjoying a mini-vacation.
Lodging Expense Substantiation
Explains the recordkeeping requirements for lodging expenses while away from home on business. Lodging expenses can be deducted only if they are substantiated in full.
Keeping Records For Out-Of-Town Travel
This article explains when receipts are necessary for out-of-town travel and when the $75 rule applies.
Deducting Business Equipment
When you acquire equipment for your business, you are able to take certain deductions for the cost of that equipment.
Deducting A Home Computer
Explains the special rules and limitations associated with deducting the cost of a home computer.
Deducting Sales Tax
This article provides quidence in deducting sales tax associated with the purchase of business equipment.
Is It Better To Sell Or Trade-In A Business Vehicle?
It can make a big difference for tax purposes if you sell or trade-in your business vehicle.
Temporary Workplace
Transportation between a temporary workplace and home is deductible. This article explains the IRS definition of a temporary workplace.
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