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  2. Income tax on gambling - Wikipedia

    en.wikipedia.org/wiki/Income_tax_on_gambling

    The taxpayer deducted the expenses under Section 162. [5] The service argued that Section 165(d) precluded the taxpayer from engaging in gambling as a "trade or business." [4] The Tax Court held that the taxpayer's gambling was a business activity and allowed the deductions. In essence, the court held that Section 165(d) only applies when a ...

  3. Business and occupation tax - Wikipedia

    en.wikipedia.org/wiki/Business_and_occupation_tax

    The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.

  4. Public policy limitation on deduction for business expenses

    en.wikipedia.org/wiki/Public_Policy_Limitation...

    Though these payments qualified for § 162 deduction as expenses paid in the course of the opticians' trade or business, the IRS argued that the expenses should be disallowed as against public policy. [8] While the Court disapproved of the business ethics displayed by the opticians, the Court upheld the deductions as valid under the Code. [8]

  5. Ohio Department of Taxation - Wikipedia

    en.wikipedia.org/wiki/Ohio_Department_of_Taxation

    The Ohio Department of Taxation is the administrative department of the Ohio state government [1] responsible for collection and administration of most state taxes, ...

  6. Is credit card interest tax-deductible? - AOL

    www.aol.com/finance/credit-card-interest-tax...

    Interest on student loans, mortgages, home equity loans, and business expenses are still tax-deductible. Transferring a credit card balance to a card with a 0% promotional rate can help lower ...

  7. Are contributions to school district programs tax deductible?

    www.aol.com/contributions-school-district...

    Introduction The IRS allows you to claim a deduction for the donations you make to qualified organizations. These organizations include more than just charities and will include any school ...