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Small business tax deductions forwarded to 2010?
If i open a business today and inccure $10,000 in cost to deveolp my software concept and file it on a 2009 tax report and have no income, can i forward those losses and deduct them on 2010 taxes. I am filing for an LLC in florida

Personal, Small business tax deductions in addition to standard?
Hello,Got a quick question. Are expenses incurred by a small business startup compound on a personal standard deduction? My scenario is below I’m employed not self employment, at an actual company and rent an apartment Say I incur $10,000 in small business expense this year for a SIDE business.Is this $10,000 write off in conjunction with the standard deduction of around 5k for single ? So, in other words, can my income be claimed to be 15k lower? If my startup costs incur $4,000 is there a reason for me to NOT do the standard deduction? It seems awfully stupid that standard deductions exist, as I would’ve kept my own money instead of spending it on all this crap…

Confused about business tax deductions?
I have an online business self employed . If I put $1,000 or whatever amount into advertising my business, then do I get a $1,000 deduction? Or do I only get part of the money back applied toward tax bill? Try as I might, I just can’t understand taxes.

Essentially, I am looking for significant yet sensible approaches/areas for business tax deductions.?
Tax deductions generally come when earnings are reinvested, back into the businesses. Based on projections, the year should end in a 225K to 275K net profit this incorporates costs a maximum IRA . W tax code section 179 in play, a business can deduct 100K w in a single tax yr rather than via the typically longer, multi year depreciation process. New equipment purchases should absorb 100K this in turn will allow the business to act on the benefits of section 179. Efficiently utilizing the remaining 200K is the challenge. Developing &amp exercising viable &amp legitimate investment deduction opportunities is in a sense the goal. Most ideally, I had hoped that the additional funds could serve as a business investment in the form of a business property down payment i.e., for a new corporate office . A balloon down payment, to my understanding, however, can not be, as in section 179, taken as a deduction entirely w in the same year. I am requesting feedback on the topic, and I hope that those with stronger backgrounds experience will shed light on my self and the group. Clever above board strategies that promote tax deductions are certainly welcome.

Can W-2 Employees take business tax deductions?


Essentially, I am looking for significant yet sensible approaches/areas for business tax deductions.?
Tax deductions generally come when earnings are reinvested, back into the businesses. Based on projections, the year should end in a 225K to 275K net profit this incorporates costs a maximum IRA . W tax code section 179 in play, a business can deduct 100K w in a single tax yr rather than via the typically longer, multi year depreciation process. New equipment purchases should absorb 100K this in turn will allow the business to act on the benefits of section 179. Efficiently utilizing the remaining 200K is the challenge. Developing &amp exercising viable &amp legitimate investment deduction opportunities is in a sense the goal. Most ideally, I had hoped that the additional funds could serve as a business investment in the form of a business property down payment i.e., for a new corporate office . A balloon down payment, to my understanding, however, can not be, as in section 179, taken as a deduction entirely w in the same year. I am requesting feedback on the topic, and I hope that those with stronger backgrounds experience will shed light on my self and the group. Clever above board strategies that promote tax deductions are certainly welcome.

Where can I find a list of small business tax deductions?
I own an LLC that does multiple ventures in michigan. Any information or links of all possible deductions would be wonderful. Thanks.

Small business tax deductions?
So i’m looking to start a small business. The plan is simple, basically I’ll be looking for relatively inexpensive vehicles that need some TLC. With my resources and personal know how i can bring most projects to a more respectable condition for an already existing client base. My question is this…i know what business expenses are and i know what capital expenses are but what do purchases directly attributed to the &quot product&quot classify as? If I spend money, not on garage equipment but on new components that actually increase the value and quality of the car i’m working on thus increasing the selling price new brake technology, new safety technology, new aesthetics… How does all this fall into tax deductions?

How do you figure out a home office business tax deduction when the price of utilities is included rent?
Do you just guestimate it?

Is there a standard business tax deduction for sm business like the standard 5700 ded we have?
I know the standard tax ded is 5700 or u can choose to itemize. I’m starting a business later this year so i dont have a tax professional just yet, trying to get a better understanding.

Business tax deductions what are they for?
I’m in business for myself, starting out still, but I read about all these deductions, deduct this and that. I understand about how it takes away from my taxed income I’m just not seeing how that benefits my bottom line. For example I read this article about getting an suv for free because you had a 50k deduction you could take, my head is spinning with ideas about deductions some depth into the subject would help get me started

Start Up Business Taxes- deductions?????
How do you determine what is deductible for start up taxes?I am starting an online retail business and have bought market research tools and website building software. Also I just got a dba. My site is not yet published on the net.Couple of questions… what can i deduct as start up deductions?Did getting a dba officially &quot start&quot my business?What sort of time restrictions go along with start up tax? i bought the software listed above in 07 and got the dba in 08 what sort of reciepts should I be saving?I know …I need an accountant lol. PLEASE HELP Quality info is needed thanks

Small business tax deduction?
I started a business last year in a home office. Is it true that expenses resulting in a loss are carried over to the following year for a 1st year business?It was a loss of about 5000k for the year. The revenue was about 500, and about 5500 expenses including porportion of rent .

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