Mountain View, CA asked in Tax Law for California

Q: I've heard it's ok to "write off" expenses related to my business. Which costs qualify for this?

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3 Lawyer Answers
Matthew M Montoya
Matthew M Montoya
Answered
  • Tax Law Lawyer
  • Lone Tree, CO

A: This is a really broad question. However, many times, "write-off" is used instead of the proper term "business expense" or "business deduction," which can make things confusing. An accountant would be able to help you with these kinds of issues - accountants are an extremely important part of any business.

That said, the IRS publishes a number of guides that can be helpful. For example, Publication 334 is a tax guide for small businesses and Publication 535 is a guide for business expenses.

If you want tax attorney help with your specific situation, feel free to contact me and we can work out a reasonable arrangement, based on your needs.

Zaher Fallahi
Zaher Fallahi
Answered
  • Tax Law Lawyer
  • Los Angeles, CA
  • Licensed in California

A: All ordinary and necessary expenses for running the business. Call the IRS for a booklet as guidelines. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is it intended as a solicitation. For specific advice, please consult an appropriate attorney in person. Good luck. Zaher Fallahi, Tax Attorney, CPA.

Zaher Fallahi
Zaher Fallahi
Answered
  • Tax Law Lawyer
  • Los Angeles, CA
  • Licensed in California

A: When in business or trade, you are entitled to write off ordinary and necessary business expenses. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is it intended as a solicitation. For specific advice, please consult an appropriate attorney in person. Good luck. Zaher Fallahi, Tax Attorney, CPA.

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