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  2. These Are the Receipts To Keep for Doing Your Taxes - AOL

    www.aol.com/finance/receipts-keep-doing-taxes...

    So be sure to keep the receipts, business conference flyers, etc. to defend business usage,” said Lee. Keep these expense receipts for taxes: Canceled checks. Cash register tapes. Account statements

  3. Internal Revenue Code section 162 (a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    The next requirement of section 162(a) is that the taxpayer must be carrying on a trade or business. [2] Start up expenses are not entirely deductible, but must be spread out over 15 years. [10] Because business expenses are fully deductible under section 162, taxpayers try to argue that expenses were not start up expenses.

  4. Cash method of accounting - Wikipedia

    en.wikipedia.org/wiki/Cash_method_of_accounting

    There are certain advantages in tax planning when the cash method of accounting is used: for instance, payment of business expenses may be accelerated before year end, in order to maximize tax deductions, whereas billings for services may be postponed to after year end, so that payments won't be received until the new year, thus postponing tax ...

  5. These Are the Receipts To Keep for Doing Your Taxes - AOL

    www.aol.com/finance/receipts-keep-doing-taxes...

    So be sure to keep the receipts, business conference flyers, etc., to defend business usage,” said Lee. Keep these expense receipts for taxes: Canceled checks. Cash register tapes. Account ...

  6. These Are the Receipts To Keep for Doing Your Taxes - AOL

    www.aol.com/receipts-keep-doing-taxes-193009795.html

    Gathering and saving receipts and tax documents is an important part of filing taxes and receiving your refund quickly. Whether you take the standard deduction or itemize deductions, most people ...

  7. 35 essential business expense categories for businesses of ...

    www.aol.com/finance/35-essential-business...

    Ramp provides a guide to deductible business expenses, including 35 common expense categories for businesses of any size.

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