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New Business – What to Deduct
I was posed with this question recently, one that I frequently get when someone starts a new business in Illinois. Q: “I just started a new business and want to start keeping track of things for next...
View ArticleAre out-of-pocket expenses for charities deductible?
Here’s a question from a client about whether or not expenses they incur while volunteering for a charitable organization are deductible. My wife has begun volunteering for a religious organization...
View ArticleAsk Steve: When are expenses deductible?
Here’s a good question from a client concerning when expenses are deductible. “When we incur expenses in December 2012 but are not billed for them until January 2013, or I pay a December expense in...
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