Posts Tagged ‘Income tax’
Income Tax Deductions
Income Tax Deductions. Eating out could be a major business deduction We will show you how you might be able to deduct them. If you are in a high bracket it will save you money on your tax return. If you like to pay extra money to the Irs than this Blog is not for you.
Going out to dinner could be a major tax deduction?
Income Tax Deduction Out to Dinner Deduction
Did you know that if you go out to eat it could be a tax deduction? You never know that your server or someone you talk you could be your next client. There are several ways you can get this deduction.
The most common way is to talk to the server or leave a card on the table. Most servers always say that this job is only temporary. A little small talk could make this happen. Just ask them are they open to your business. Saying no is the worst think that the server could say to you. Leaving a card on the table is the other way. Not as effective but either way you never know if they are going to call you. For tax purposes, since you are conducting business this is a deduction.
Talking about your Business
Talking about your business with a client, family or friend is another way to make out for a meal a income tax deduction. The sad or funny part if you go out with your friends or family the conversation will always go back to your business.
How to get the income tax deduction?
To get the dinner deduction one should get a receipt of the meal. Most of the time the Irs will accept a bank statement. Just make a note how the dinner was used for business.
Corey & Associates has been preparing tax returns since 1984. Our tax professionals are trained to get all the income tax deductions. We make sure to get the best tax refund with our an IRS letter.
In future blogs will show you how to get other income tax deductions.
If you have any tax preparation questions please call our office 305-823-9228. The office is located at 1800 W 68 St suite 118,Hialeah,Fl 33014. We are located minutes way from anywhere in Miami, Miami-Dade, Miami Gardens,Hialeah Gardens, Miami Lakes or any part of North Miami Dade. Just take the 826 express way at the NW 122 st exit.
More tax tips and videos can be found on our main page at http://1040w2.com . At our main web page we have Where is My Refund. A tab to get you any tax form that you will need. Click her for our You Tube Channel to find the latest tax Videos. Keep up with the latest tax at our Facebook page. Click here to like us
Why you need to EFILE tax return at http://efiletax.biz
Income tax deductions need to go on special forms.
- Home Base Business Deductions you use to Pay less to the IRS (irs.albertcorey.net)