✅ COMMENT THE WORD “Tax” for your FREE TAX CONSULTATION

✨IRS Code Section 162A allows your business to deduct ordinary and necessary expenses incurred during its regular operations.

✨This deduction helps reduce your taxable income, potentially lowering the amount of income subject to taxation.

✨Common deductible expenses include employee wages, rent, utilities, and other costs essential to conducting business.

S/O to @karlakdennis for the info 🙌🏽🙌🏽

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thetaxnupe

2024-03-23 05:08:14

hold section and write this down code section one sixty two a
that is the code section that allows you to write off all of your ordinary and necessary business expenses if ever you're in an audit an ira says that this is not tax-deductible
you pull out that code section and you read it to the auditor and you tell the auditor
that it says right here i am able to take all of my ordinary and necessary expenses and i've decided that these are necessary for me to do business is the very powerful too when you actually know the law