owner-operator deductions

October 2007
Overdrive;Oct2007, Vol. 47 Issue 10, p62
Trade Publication
The article provides information on the categorized business-related expenses included in filing an annual tax-deduction to the U.S. Internal Revenue Service. The business owners should include expenses on depreciable types of property, such as computers, fax machine and furniture used in business. The retirement plans, such as simplified employee pensions (SEPS) and individual retirement accounts (IRA) can also be tax-deductible. Other categories include gifts, travel expenses and truck leases.


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