What Is a True Tax Deduction For Self Employed Individuals?

What Is a True Tax Deduction For Self Employed Individuals?
Dr. Friday Tax Tips - One Minute Mo...

 
 
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Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one minute moment.

Self-employed individuals that file a Schedule C have more than 350 different tax deductions, that I know of right off the top of my head, that you may be able to use on your tax return. If you are not sure what is a true tax deduction, and maybe what you think should be. Because taking your wife out to dinner, even though you sat down and talked about the business does not qualify as a business meal. Driving to another state and talking to someone that does the same thing you do, but not really having any influence in buying, trading or selling is not a business trip. Understanding what is going to qualify and what is what I do. Call me today if you need help.

Announcer 0:52
You can catch the doctor Friday Call-In show live every Saturday afternoon from 2pm to 3pm right here on 99.7 WTN