| 单词 | business expense |
| 例句 | For example, they said, she identified $600,000 in payments to a contractor remodeling her apartment as a business expense under the categories “commission” and “fee/design.” Prosecutors: Art Dealer Mary Boone Should Go to Prison 2019-01-11T05:00:00Z From that account, she spent $3.3 million by check and withdrawals on personal and business expenses, about a third of the city's budget, authorities said. Small town rocked by $30 million theft 2012-04-18T03:36:00Z “It’s a business expense if I’m writing, right?” Critical Shopper: Shopping at The Apartment in SoHo 2014-05-07T15:12:05Z But even at Arista, the long shadow of Def Jam remained, partly over a dispute about what she said were unpaid business expenses. Music Mogul Russell Simmons Is Accused of Rape by 3 Women 2017-12-13T05:00:00Z In one instance, the brothers reported nearly $1.2 million in "business expenses" for MPS entertainment, when in truth, much of that money was used to purchase luxury cars or designer clothes, court filings show. Mike 'The Situation' Sorrentino indicted on tax-fraud charges 2014-09-24T04:00:00Z Anyway, he said, he planned to deduct it as a business expense. Broadway Success Has a Price: $2,500 2013-07-03T21:09:35Z Meals furnished for the convenience of the employee, on the other hand, are seldom allowed as a business expense. At Start-Ups, the Free Lunch Is Yours for the Making 2019-03-04T05:00:00Z I was flummoxed, and soon realized the “interview” was just a ploy to get reimbursed for his “business expense.” Perspective | Miss Manners: Guests preemptively admonished at housewarming party 2018-03-16T04:00:00Z Many of the charges on the card looked like legitimate business expenses — the drumbeat of schmoozing by a rising politician. Inside Marco Rubio’s messy American Express statements 2015-11-07T05:00:00Z They said the brothers did this by filing false tax returns that understated their income, and improperly claiming millions of dollars of expenses on clothes, expensive vehicles and other personal items as business expenses. 'Jersey Shore' star pleads not guilty to tax fraud, trial set 2014-10-23T04:00:00Z Employees formerly were able to deduct unreimbursed business expenses if they itemized them, and if those expenses added up to more than 2 percent of their adjusted gross income. Are you a telecommuter with a home office? You just lost a tax break. 2018-05-28T04:00:00Z He seemed to view it as a business expense. The Extravagant Life of Hector Xtravaganza 2019-01-05T05:00:00Z The brothers also disguised personal grooming expenses as legitimate business expenses in information provided to their accountant, prosecutors said. Star of reality TV show 'Jersey Shore' charged with tax fraud 2014-09-25T04:00:00Z “We didn’t care if a user withdrew funds and used them to buy muffins, to pay business expenses, to invest or anything else,” Bankman-Fried testified. Key moments from Sam Bankman-Fried's first day on the stand 2023-10-30T04:00:00Z Some of the payments he attempted to claim on his taxes as business expenses included $2,700 and $1,500 paid to an escort identified as “Gulnora.” Justice Department silent on sex trafficking victims linked to Hunter Biden 2023-10-06T04:00:00Z Prosecutors also alleged he improperly deducted the payments he made to secure his son’s admission as a business expense and charitable donation. Dad who won appeal in college admissions bribery case gets 6 months home confinement for tax offense 2023-09-29T04:00:00Z Excluding per diem from taxable income The first thing to know is that under IRS rules, per diem paid to employees to cover business expenses is not taxable income. Per Diem Tax Deductions For Working Out-Of-Town 2018-03-21T04:00:00Z The good news is that self-employed people can write off half of the Fed MED/EE tax as a business expense. What is FED MED/EE Tax? 2018-06-12T04:00:00Z There are thousands of potential business expenses that a sole proprietor can write off to help lower their tax burden, but the principal of their student loans is not one of them. As a Sole Proprietor, Can I Write Off My Student Loan Payments? 2018-06-26T04:00:00Z In this unique circumstance, the principle of the business may have the ability to claim a business expense by using the premiums being paid for the policy. Is there Any Way That I Can Write Off My Life Insurance Payments on My Taxes? 2018-06-26T04:00:00Z It would likely enable interstate cannabis trade and remove the cumbersome 280E tax burden that prevents legal cannabis companies from writing off standard business expenses. Rescheduling marijuana is the wrong approach. It should be descheduled entirely 2023-09-01T04:00:00Z There may be times, however, when your company does not provide enough per diem to cover your business expenses. Per Diem Tax Deductions For Working Out-Of-Town 2018-03-21T04:00:00Z Prosecutors said she also regularly created false invoices for "supplies" and "business expenses" which were paid into her personal accounts. Edinburgh office boss paid for life of luxury with £900,000 fraud 2023-08-24T04:00:00Z While sole proprietors would like to think that their education should be considered a business expense, the federal government disagrees and does not allow principal on student loans to be tax deductible. As a Sole Proprietor, Can I Write Off My Student Loan Payments? 2018-06-26T04:00:00Z The other charges, for mishandling documents and an improperly recorded business expense, were laughable and an undeniable abuse of prosecutorial power. Voter panel: 'Indictment is pulling us apart' 2023-08-03T04:00:00Z She then related those acts to women Mr. Biden had written off on his taxes as business expenses, including one he labeled a “West Coast assistant” to his law firm. Liberals demand probe of Marjorie Taylor Greene for showing X-rated Hunter Biden photos 2023-07-20T04:00:00Z She then tied those acts to women Mr. Biden had written off on his taxes as business expenses, including one he labeled his “West Coast assistant” to his law firm. ‘Parental discretion is advised’: MTG introduces photos of Hunter Biden sex acts at hearing 2023-07-19T04:00:00Z Another is whether Crow treated his trips with Thomas as deductible business expenses. How Harlan Crow slashed his tax bill by taking Clarence Thomas on superyacht cruises 2023-07-17T04:00:00Z While their education is pertinent to their business, the principal on their student loans is not considered a business expense. As a Sole Proprietor, Can I Write Off My Student Loan Payments? 2018-06-26T04:00:00Z And then he wrote off the cost on his taxes as business expense deductions. Will Hunter Biden face prostitution-related charges? 2023-07-05T04:00:00Z The order signed by Washington, D.C. federal judge Amy Berman Jackson prevents the defendants from spending corporate assets other than for ordinary business expenses. Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges 2023-06-17T04:00:00Z After covering all her business expenses, including electricity, supplies, rent, food and the salary of a full-time aide, she says her childcare operation brings in about $1,000 per month. Child-care providers by day, Amazon drivers by night. Workers fight for living wages. 2023-06-12T04:00:00Z Jones’ salary and business expenses totaled more than $607,000, which put him above the presidents of the biggest unions in the country. Boilermakers union president ousted after claims of ‘shocking’ corruption 2023-06-06T04:00:00Z Luckett, 55, recently raised tuition to account for rising business expenses and wage increases for staff. With high food prices, grocery shopping has become a strategy game. Angelenos share how they get by 2023-06-05T04:00:00Z The money can be used to buy equipment, invest in operations, pay wages or other business expenses, and cover costs related to COVID-19. Free money is still available for small L.A. businesses affected by the pandemic 2023-05-22T04:00:00Z Hunter Biden could face two misdemeanor counts of failure to file taxes, a single felony count of tax evasion related to a business expense, and a gun charge that is also a potential felony. Biden says son Hunter ‘has done nothing wrong’ 2023-05-05T04:00:00Z Like the cost of makeup and hair spray for its prime-time anchors, payments in most courtroom settlements are regarded by the IRS as an “ordinary and necessary business expense.” Dominion settlement tab may be just the start of Fox’s financial woes 2023-04-21T04:00:00Z That's because federal law allows taxpayers to write off many legal costs, providing that they are "ordinary and necessary" business expenses. The Fox News model: Mafia, family or cult? 2023-04-21T04:00:00Z One is his failure to meet filing deadlines for his 2016 and 2017 tax returns, and questions about whether he falsely claimed at least $30,000 in deductions for business expenses. I.R.S. Official Is Said to Assert Political Meddling in Hunter Biden Inquiry 2023-04-20T04:00:00Z If you’re doing gig work, that counts as business income — which means you can deduct business expenses. 5 tax tips for older adults 2023-04-07T04:00:00Z It’s not clear whether Cohen in fact declared and paid taxes on the reimbursement or whether the Trump Organization declared it as a business expense. Column: Don't underestimate the strengths of Alvin Bragg's case against Donald Trump 2023-04-05T04:00:00Z The company also did not appear to pay tax or any ordinary business expenses, such as rent or utilities. Inside the life coaching cult that takes over lives 2023-04-04T04:00:00Z It is not a crime to pay someone hush money, but under New York law it is a criminal act to falsify business expenses. Trump confirms NYC court appearance; calls for venue change 2023-04-03T04:00:00Z All that over an indictment that hasn’t been delivered, in a probe looking at whether Trump treated the $130,000 payment to Stormy Daniels as a business expense. Column: The law is on Trump's tail, and he sounds pretty worried 2023-03-26T04:00:00Z The jury is probing whether the payments amounted to a campaign donation that Mr. Trump improperly claimed was a business expense. Hotly anticipated grand jury session on Trump postponed in N.Y. 2023-03-23T04:00:00Z It remains possible that Mr. Bragg has obtained nonpublic evidence of some other intended offense, like if there was any initial intention to deduct the payments as a business expense on state tax returns. Here Are Some of the Charges That Could Arise From the Trump Investigations 2023-03-19T04:00:00Z The cost of fertilizer, shipping containers and other business expenses is also higher. China Wine Tariff Pushes Australia’s Grape Growers Into Crisis 2023-03-16T04:00:00Z It is also a key request from the Federation of Small Businesses in Wales, which has said firms reporting a rise in business expenses have told them fuel is one of the main contributors. Budget 2023: Five things to look out for in Wales 2023-03-14T04:00:00Z Mauskopf had been putting all business expenses on her personal credit cards since Friday, the only solution she could quickly find because the only business credit cards she had were held with Silicon Valley Bank. Silicon Valley Bank customers breathe sigh of relief as they access accounts 2023-03-13T04:00:00Z Those costs can include drivers’ unemployment insurance, health insurance and business expenses. California Court Mostly Upholds Prop. 22 in Win for Uber and Other Gig Companies 2023-03-13T04:00:00Z In fact, to the extent that we see any rhetoric within the neoliberal cabal about the needs for implementing safety protocols, it is merely discussed in terms of reputational harm and business expense. Neoliberalism made us broke. Now it's killing us 2023-03-08T05:00:00Z “Was it a high cost? Yes, but you don’t judge an investment as a business expense but rather against the return on the investment,” he said. After 7,000 job cuts, some question if Disney paid too much for Fox assets 2023-02-18T05:00:00Z With inflation increasing business expenses, analysts say some employers started cutting hours or eliminating positions last year. ‘Great Resignation’ becomes ‘Great Regret’ for job-hoppers 2023-02-14T05:00:00Z But Harbor City was not doing any such investing, and only a small part of the $17 million it raised was used for legitimate business expenses, the government claims. How an investor lost $625,000 and his faith in George Santos 2023-01-20T05:00:00Z Sometimes, they said, he charged personal supermarket bills to the union and counted costly meals with friends as business expenses. Ex-NYPD union boss admits theft of about $600,000 from union 2023-01-19T05:00:00Z On his 2017 tax return, Trump claimed business expenses and other losses and deductions in excess of $279.5 million, significantly reducing the amount of tax he owed. House panel releases Trump tax returns in another setback for former president 2022-12-30T05:00:00Z Trump filed sole proprietor reports, known as Schedule C, that showed huge business expenses despite having zero revenue. Trump’s brazen tax cheating revealed 2022-12-28T05:00:00Z According to the JTC, "Audits of closely held entities often find personal expenditures being improperly deducted as business expenses." “Red flags”: Tax experts say Trump’s loans to kids revealed in tax returns “raise eyebrows” 2022-12-23T05:00:00Z Numerous business expenses that may have actually been tied to his personal life and hobbies. Sam Bankman-Fried, FTX’s Co-Founder, Is Increasingly Alone 2022-12-22T05:00:00Z Trump has written off $2.2 million in property taxes as a business expense on the property even though the law only allows individuals to write off up to $10,000 per year. Calls for investigation after Trump tax returns expose “audit” lie — and years of “negative income” 2022-12-21T05:00:00Z Yet the flood of paperwork fails to explain many of the nuances of his financial empire, as he lists pages and pages of deductions described only, over and over, as “other business expenses.” House panel releases Trump tax returns in another setback for former president 2022-12-30T05:00:00Z Since then, he has written off $2.2 million in property taxes as a business expense — even as the law allows individuals to write off only $10,000 in property taxes a year. Trump Paid $1.1 Million in Taxes During Presidency, but $0 in 2020, Report Shows 2022-12-21T05:00:00Z “In some instances, no investment/loan funds were ever sent to the Almond processing company, but were spent on Cox’s personal and business expenses,” prosecutors said. Former Rep. TJ Cox of Fresno indicted on charges of fraud and money laundering 2022-08-16T04:00:00Z Some tax professionals refer to such National Research Program examinations as "audits from Hell" because they require complete documentation of every line of income, business expenses, deductions and credits. IRS chief asks Treasury watchdog to probe audits of ex-FBI officials 2022-07-07T04:00:00Z The agent said that she explained to the accountant that this was how the audits were conducted if someone like Mr. Comey, who had business expenses, did not keep formal books. Comey and McCabe, Two Trump Foes, Both Faced Intensive I.R.S. Audits 2022-07-06T04:00:00Z But federal officials say most of the investors’ money was spent to finance Burns’ lifestyle, cover business expenses and repay earlier investors, to create the appearance that investments he sold were profitable. Georgia investment adviser on the run ordered to pay $12M 2022-06-08T04:00:00Z “Before you even start saving for retirement, put aside six months of living expenses and three months of business expenses,” Braxton said. Saving for your future self while freelancing 2022-05-29T04:00:00Z Mr. Rivera demanded kickback payments to a consulting firm operated by his son, which had “few if any business expenses,” according to Mr. Rivera’s attorney and the government’s sentencing submission. Ex-N.Y.C. Shelter Boss Gets Prison Time in $1.2 Million Bribery Scheme 2022-05-23T04:00:00Z On Thursday, Senator Bob Casey, a Pennsylvania Democrat, introduced legislation seeking to prevent employers from deducting anti-union activity, like hiring consultants to dissuade workers from unionizing, as a business expense. A Union Blitzed Starbucks. At Amazon, It’s a Slog. 2022-05-12T04:00:00Z Prosecutors say Masera created fake donation receipt letters and bogus invoices that allowed the wealthy parents who paid bribes to write their payments off as donations or business expenses. Accountant avoids prison time in college admissions scandal 2022-05-13T04:00:00Z “Before you even start saving for retirement, put aside six months of living expenses, and three months of business expenses,” Ms. Braxton said. Saving for Your Future Self While Freelancing 2022-05-07T04:00:00Z Defense attorney Jonathan Laidlaw argued for leniency, saying his client hadn’t spent money on a “lavish lifestyle” but rather on child support, rent and legal and business expenses. Tennis great Boris Becker gets 2 1/2 years in prison 2022-04-29T04:00:00Z In addition to counts of bribery and fraud, Mr. Wilson also was convicted of filing a false tax return because he deducted part of the payments to Mr. Singer as a business expense. 2 Parents Appeal Their Convictions in Varsity Blues Scandal 2022-04-25T04:00:00Z “We have tons of these in the pipeline,” said Jacob Whitehead, an attorney who has filed about 20 class-action lawsuits over business expenses demanded by employees. Work-from-home costs are adding up. Employees are suing to get their bosses to pay up 2022-04-07T04:00:00Z Feldman amended the bill to include a tax break for growers, processors and dispensaries involved in the medical cannabis industry, allowing them to write off business expenses on their state taxes. Cannabis bill leaves champions of criminal justice reform dissatisfied 2022-04-04T04:00:00Z She also uses the Wave accounting app, which is free, to track her business expenses. Saving for Your Future Self While Freelancing 2022-05-07T04:00:00Z On those tax returns, they said, she falsely claimed the costs of the stolen equipment as business expenses. Former Yale Official Admits to $40 Million Fraud Scheme 2022-04-01T04:00:00Z Justice Department officials have said that Parnas and David Correia, his partner in Fraud Guarantee, stole money from investors for personal use instead of using it for legitimate business expenses. Lev Parnas pleads guilty in connection to defrauding investors 2022-03-25T04:00:00Z The companies that are being sued for failing to reimburse their employees for business expenses have, according to Ackermann, argued in court that the pandemic caught them off guard and unprepared to respond. Work-from-home costs are adding up. Employees are suing to get their bosses to pay up 2022-04-07T04:00:00Z Businesses have legitimate business expenses, as well as pretty high executive compensation packages, in the millions, depending on the corporations. Privatize this! How we lost control of America's public goods — and how we can get it back 2022-02-19T05:00:00Z In addition, on your federal tax return, it’s usually OK to deduct the business expenses that you paid with the loan money. 7 ways small-business owners can save on taxes in 2022 2022-02-11T05:00:00Z For someone who bills 25 therapy hours a week, half of their $100 hourly income is quickly eaten up by taxes, business expenses and rent, Slaughter said. Why is it so hard to find a therapist? These barriers stop Washingtonians from getting help 2021-12-12T05:00:00Z First you recover your basic business expenses, then you set prices high enough to earn a fair profit. Column: Should you pay an extra fee just for being a Californian? Pizza Hut thinks so 2021-12-07T05:00:00Z Instead, Mr. Lefcourt said, the two had taken money meant for business expenses and used it to pay off debts and finance their lavish lifestyles, essentially swindling Mr. Kukushkin. Lev Parnas, Ex-Giuliani Ally, Is Convicted of Campaign Finance Charges 2021-10-22T04:00:00Z All of those are business expenses, none of which, fundamentally, is being spent on the service. Privatize this! How we lost control of America's public goods — and how we can get it back 2022-02-19T05:00:00Z It remains unclear whether Tenney paid for her business expenses at a market rate, given the timing of the disbursements. House Republican followed Trump's self-dealing model, spent thousands on her own companies: report 2021-10-14T04:00:00Z Mr. Wilson wrote off his payments as business expenses and charitable contributions, prosecutors say. A Trial About Wealth, Privilege and the Murkiness of College Admissions 2021-10-06T04:00:00Z And many, if not all, of these top streamers are effectively large-scale media operations, with their own employees and business expenses - so the numbers do not represent "take-home pay" for those listed, even if genuine. Twitch reportedly suffers massive data leak 2021-10-06T04:00:00Z On top of that, you’ll need enough revenue to cover business expenses and taxes. 5 steps to turn your side gig into a full-fledged business 2021-09-03T04:00:00Z Bottom line: Even if it’s legal, having employees carry business expenses beyond their means promotes economic and employment inequality. Perspective | Carrying business expenses on personal credit cards: Pros and cons 2021-07-15T04:00:00Z Sneed said investigators have concluded that business expenses Beck claimed also were faked. Fraud or innovation? Views clash in trial of Georgia’s Beck 2021-07-13T04:00:00Z In calculating their taxes, for example, ordinary retail enterprises are allowed to deduct both the costs of the goods that they sell and other ordinary business expenses, such as rent and salaries. Opinion | Clarence Thomas is right about one thing: Legalized, recreational marijuana is a reality 2021-07-09T04:00:00Z If the borrower spent it on payroll and other business expenses, the government repaid the lender on the borrower's behalf. U.S. lawmakers probe Kabbage, BlueVine and partner banks over pandemic loans -letters 2021-05-28T04:00:00Z If borrowers spend the money on payroll and other business expenses, the government repays the lender on behalf of the borrower. EXCLUSIVE U.S. Justice Department probing Kabbage, fintechs over PPP loan calculations -sources 2021-05-08T04:00:00Z Employers asking employees to cover upfront costs for travel, meals, equipment and other business expenses is a common practice — and, judging by reader responses, a largely unpopular one. Perspective | Carrying business expenses on personal credit cards: Pros and cons 2021-07-15T04:00:00Z “You will hear from the IRS that it is impossible that the defendant could have clamed the business expenses he did,” Sneed said. Fraud or innovation? Views clash in trial of Georgia’s Beck 2021-07-13T04:00:00Z The falsified documents included false child and dependent care credits, false deductions, inflated unreimbursed business expenses, and phony tax preparation fees. Former IRS employee ordered to pay $1M in restitution 2021-05-07T04:00:00Z Lower business expenses on leasing/maintaining physical space, but maybe more cost in providing connectivity and the technology and support necessary to work remotely. Editorial Roundup: Pennsylvania 2021-05-05T04:00:00Z SB 242 doesn’t specify a dollar amount but would require private health plans regulated by the state to reimburse dental and medical practices for the “medically necessary” business expenses associated with a public health emergency. Hit by higher prices for protective gear, doctors and dentists want insurers to pay 2021-05-04T04:00:00Z “I was always reimbursed eventually, but sometimes it took weeks, so my credit card would be maxed out and I would have to use my own checking account for additional business expenses.” Perspective | Carrying business expenses on personal credit cards: Pros and cons 2021-07-15T04:00:00Z For a number of years, she added, “the record is unrefuted that Wayne LaPierre’s personal expenses were made to look like business expenses.” N.R.A. Leadership and Bankruptcy Assailed by U.S. Trustee 2021-05-03T04:00:00Z According to Ms. Strauss’s office, Mr. Deutsch, 52, filed a false personal tax return for the year 2015 that included fraudulent information about business expenses related to Chasa Management, a firm that he solely owned. Councilman Pleads Guilty to $82,000 Tax Fraud. He Has No Plans to Quit. 2021-04-22T04:00:00Z Lawmakers also agreed to allow tax deductions of up to $100,000 for business expenses funded with forgiven Paycheck Protection Plan loans and Rebuild Virginia grants. Compromise Virginia budget plan heads for final vote 2021-02-26T05:00:00Z The deductions were related to medical expenses, charitable contributions and business expenses, prosecutors said. Tax worker charged with filing fake returns, keeping refunds 2021-02-26T05:00:00Z The Tax Cuts and Jobs Act passed in 2017 eliminated employee business expenses. Perspective | Tax season 2021: A tornado is coming 2021-02-12T05:00:00Z He also inflated his business expenses to reduce his net business outcome, allowing him to avoid income taxes on the embezzled funds, prosecutors allege. Georgia spends $200K a year on indicted insurance chief 2021-01-25T05:00:00Z He was accused of taking more than $84,000 in fees collected by the office and pocketing $3,000 in reimbursements of business expenses already paid by his office. Lafayette city marshal is 1st Black man in city-wide office 2020-12-27T05:00:00Z Tax experts have said such a deduction is not allowed, because it represents a personal expense rather than a true business expense. There’s a Way Biden Can Raise More From the Rich Without Higher Taxes 2020-12-22T05:00:00Z He also said a measure that would allow business expenses at restaurants to be deducted for two years was insufficient and called for it to be extended for a longer, unspecified, period of time. Trump Demands Changes to Coronavirus Relief Bill, Calling It a ‘Disgrace’ 2020-12-22T05:00:00Z But lobbyists for the restaurant sector also fought for tax deductions on business expenses covered by PPP money. Stimulus bill will help restaurants, but critics say it won’t save them from the pandemic’s effects 2020-12-21T05:00:00Z Tax deductions include certain business expenses paid with PPP loans, such as payroll, rent, mortgage interest, utilities and other allowable expenses. What airlines, other industries got in $900B relief bill 2020-12-22T05:00:00Z The bill also allows any company to fully deduct business expenses that are paid with PPP loans, even if the loans are forgiven by the government. Despite 'three martini' tax break, COVID-19 bill leaves struggling U.S. restaurants cold 2020-12-22T05:00:00Z The new law locks in some wage rates and insurance stipends tied to hours worked, and also locks out avenues of redress for drivers and the chance to have more of their business expenses refunded. Commentary: How will the new post-Trump, Biden era shape TV shows and movies? We have some ideas 2020-11-27T05:00:00Z Among the latest revelations is that he reduced his tax exposure by deducting about $26m in fees to unidentified consultants as a business expense on several project in the past decade. Ivanka Trump calls New York fraud inquiries 'harassment' 2020-11-20T05:00:00Z Among the revelations was that Mr. Trump reduced his taxable income by deducting about $26 million in fees to unidentified consultants as a business expense on numerous projects between 2010 and 2018. Trump Tax Write-Offs Are Ensnared in 2 New York Fraud Investigations 2020-11-19T05:00:00Z They argued that such practices were routine business expenses in some countries. Switzerland moves to close bribery loophole 2020-11-12T05:00:00Z Those companies claimed $97,400 in business expenses, including payments as recently as 2018, the Times reported. Trump cuts short pre-election interview as Covid stimulus bill moves closer– US politics live 2020-10-21T04:00:00Z Those companies claimed at least $97,400 in business expenses since 2010, including some minor payments for taxes and accounting fees as recently as 2018, the Times reported. Report: Tax records show Trump tried to land China projects 2020-10-20T04:00:00Z Those companies claimed at least $97,400 in business expenses since 2010, including some minor payments for taxes and accounting fees as recently as 2018. Trump Records Shed New Light on Chinese Business Pursuits 2020-10-20T04:00:00Z The businesses, typically ineligible for funding through federal programs, will be able to use the grants for business expenses including rent, staffing, utilities, and retail location modifications. Providence unveils program to support small businesses 2020-10-19T04:00:00Z "Lobbying expenditures, in contrast, are not tax deductible as business expenses." Postmaster General DeJoy's six-figure donations to GOP convention align with Senate probe of wife 2020-10-14T04:00:00Z Unless the payments were for actual business expenses, he said, claiming a tax deduction for them would be illegal. Trump engineered a sudden windfall in 2016 as campaign funds dwindled 2020-10-09T04:00:00Z On top of this, he deducted lavish lifestyle perks like private jets, luxury residences and $70,000 in hair styling as “business expenses.” The worst part of Trump paying zero taxes? It's probably entirely legal | Chuck Collins 2020-10-02T04:00:00Z The president called the money Ivanka got a fee, but it looks like a disguised gift in which Trump both evaded the gift tax and deducted it as a business expense. The New York Times pulls back the covers on Trump, an unrepentant tax cheat 2020-09-30T04:00:00Z But to be deductible, “a business expense must be both ordinary and necessary,” the IRS explains on its website. Perspective | Don’t be like Trump: Deducting hairstyling and home expenses from your taxes could get you in trouble with the IRS 2020-09-29T04:00:00Z On the Daily Show, Trevor Noah was especially shocked by Trump’s $70,000 “business expense” deduction for his hair on The Apprentice. Stephen Colbert on Trump's hair: 'He spent $70,000 on that? He should've paid more' 2020-09-29T04:00:00Z The IRS lets companies use business expenses like sales and marketing payments to reduce taxable income — but only if they are “both ordinary and necessary.” Trump engineered a sudden windfall in 2016 as campaign funds dwindled 2020-10-09T04:00:00Z It notes that Trump appeared to pay his own family members as “consultants” on big deals and then deduct those consulting fees as business expenses on his taxes. What we know — and still want to know — about Trump’s company 2020-09-28T04:00:00Z That allowed him to write-off $2.2 million in property taxes as a business expense, the newspaper said. How Trump used the U.S. tax code to his benefit in three ways 2020-09-28T04:00:00Z Then again, said Sullivan at Tax Analysts, defining legitimate business expenses is typically a “murky’’ issue. Trump went even further than other uber-rich to shrink taxes 2020-09-28T04:00:00Z The Times found that by claiming all personal luxuries as business expenses, Trump "can still live a life of wealth and write it off." Forget "The Apprentice" — Trump's taxes show he was really "The Biggest Loser" 2020-09-28T04:00:00Z Much of Trump’s lavish lifestyle is treated as a business expense. Trump’s tax avoidance is a national disgrace. Don't let him blame 'the system' | Nathan Robinson 2020-09-28T04:00:00Z Examining the Trump Organization’s tax records, a curious pattern emerges: Between 2010 and 2018, Trump wrote off some $26 million in unexplained “consulting fees” as a business expense across nearly all of his projects. Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance 2020-09-28T04:00:00Z The Times noted that Trump’s homes, planes and golf courses are part of the Trump family business and, as such, Trump classified them as business expenses as well. 5 takeaways from NY Times report on Trump’s tax returns 2020-09-27T04:00:00Z But for a television personality, it would be a legitimate business expense. Trump went even further than other uber-rich to shrink taxes 2020-09-28T04:00:00Z “Josh’s business expenses were approved by the NRA and reimbursed in the ordinary course for more than three years,” the statement said. NRA’s former No. 2 calls for gun control 2020-09-03T04:00:00Z Even though the federal deduction for unreimbursed business expenses was eliminated in 2018 for individual employees, some states still allow you to deduct them. Perspective | I asked for help paying for home office equipment but got a guilt trip instead 2020-08-20T04:00:00Z Also deducted as a business expense was the $210,000 paid to a Florida photographer over the years for shooting numerous events at the club, including a 2016 New Year’s Eve party hosted by Trump. Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance 2020-09-28T04:00:00Z In a deposition in a separate lawsuit last year, LaPierre acknowledged he did not report any of the NRA-paid expenses as personal income to the IRS and claimed they were business expenses. New York attorney general seeks to dissolve NRA in suit accusing gun rights group of wide-ranging fraud and self-dealing 2020-08-06T04:00:00Z The expenses were then recorded as legitimate business expenses. U.S. SEC fines World Acceptance Corp $21.7 million for Mexican bribes 2020-08-06T04:00:00Z Although Mr. Hines said he would use the funds to retain workers, maintain payroll and meet other business expenses, prosecutors allege he went on a luxury shopping spree. Man charged in $3.9M coronavirus loan fraud; allegedly spent funds on dating sites, Lamborghini 2020-07-27T04:00:00Z Instead of investing the money, Beam spent it on personal and business expenses, it said. Bali police arrest American wanted in investment fraud 2020-07-24T04:00:00Z In allowing business expenses to be deducted, the IRS requires that they be “ordinary and necessary,” a loosely defined standard often interpreted generously by business owners. Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance 2020-09-28T04:00:00Z The 2017 tax law eliminated the federal write-offs previously allowed for unreimbursed business expenses and home offices, along with most other miscellaneous itemized deductions. Looking for a work-at-home tax break? Here’s the bad news 2020-07-12T04:00:00Z Williams, a criminal defense lawyer, was accused of inflating his business expenses from 2013 to 2017 in order to reduce his tax liability by more than $200,000, according to the U.S. New Orleans councilman, attorney plead not guilty to fraud 2020-07-10T04:00:00Z Instead, they spent customers’ money on themselves and for business expenses. Missouri man convicted in massive funeral scam found dead 2020-06-01T04:00:00Z When he met with investigators last week, Fayne denied spending the loan on anything besides payroll and business expenses. DOJ: Reality star spent emergency loan on Rolex, Rolls Royce 2020-05-13T04:00:00Z Perhaps Trump’s most generous interpretation of the business expense write-off is his treatment of the Seven Springs estate in Westchester County, New York. Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance 2020-09-28T04:00:00Z Most money is spent months in advance on things such as city permits, business expenses, T-shirts and medals. For the marathon community, what’s best in the long run isn’t great for long runs 2020-03-29T04:00:00Z Side gigs also offer tax advantages, including more ways to save for retirement and the ability to deduct legitimate business expenses. Liz Weston: Tax traps that side hustlers should avoid 2020-03-16T04:00:00Z While all income needs to be declared, she said independent business people can deduct legitimate business expenses — an ankle restraint in a dominatrix’s dungeon, for example — only from legal income. Sex and taxes: A Seattle tax preparer is intimate with both 2020-02-18T05:00:00Z “Titling a residence in the name of a business does not turn personal, nondeductible expenses into business expenses,” DeRosa said. Perspective | People try to claim the darnedest tax deductions to reduce their bills 2020-02-04T05:00:00Z Collins Contractor Inc. She disguised the payments as business expenses but funneled the money into her personal account, testimony revealed. Attorney: Bookkeeper with ‘shopping compulsion’ stole $303K 2020-01-22T05:00:00Z Wilson wrote off the payments as charitable donations and business expenses on his 2014 tax returns, underreporting his taxable income, prosecutors allege. Financier charged in admissions scandal indicted again on new tax fraud allegation 2020-01-14T05:00:00Z But a credit card statement isn’t enough to prove a legitimate business expense in an audit - the IRS wants to see the receipt as well, McNeill says. Liz Weston: Tax traps that side hustlers should avoid 2020-03-16T04:00:00Z The break is intended primarily for business expenses. No Line to Board Private Jets, but There Is a Line to Buy Them 2019-12-27T05:00:00Z That unusual maneuver allows him to count much of his mileage back and forth to Indianapolis as a business expense. Indiana AG faces spending scrutiny as groping case nears end 2019-12-22T05:00:00Z The Naples Daily News reports he was accused of bypassing city purchasing rules and using taxpayer funds for personal business expenses during his tenure as mayor. City sues estate of deceased Florida mayor facing charges 2019-12-16T05:00:00Z The indictment, unsealed Wednesday, also says Ms. Pugh concealed from the IRS that she created false business expenses to offset the income she made from the book sales and filed false tax returns. ‘Healthy Holly’ burns Baltimore’s former mayor: ‘You don’t get into public service to become rich’ 2019-11-20T05:00:00Z Prosecutors also accused Hanzel of fraudulently deducting personal expenses paid out of his law firm bank account as business expenses. North Carolina lawyer admits filing false tax return 2019-11-11T05:00:00Z A news release from prosecutor Andrew Murray’s office says Hanzel hid money from the IRS by living out of his business bank account and falsely deducting personal expenses as business expenses. North Carolina attorney pleads guilty in tax case 2019-11-10T05:00:00Z The Los Angeles City Council voted in October to proceed with an independent study on the average wages and business expenses of the city’s rideshare drivers, and review policies around the country. Lyft and Uber made San Francisco traffic miserable. Voters hope to correct that 2019-11-06T05:00:00Z That means Trump almost certainly deducted them on his taxes as a business expense, which would be illegal. Opinion | Only the Supreme Court can keep Trump’s tax returns hidden now 2019-11-04T05:00:00Z On Tuesday, the Los Angeles City Council voted to proceed with an independent study on the average wages and business expenses of the city’s rideshare drivers, and review policies around the country. Can Uber and Lyft survive if California's worker protections go nationwide? 2019-10-18T04:00:00Z Every remodeling firm sets pricing based on business expenses. For your next project, make sure the price is right | Produced by Advertising Publications 2019-10-18T04:00:00Z She said they owed her money; executives said she was filing thousands of euros worth of personal expenditures as business expenses, which they refused to reimburse. What Really Happened at Sonia Rykiel 2019-09-30T04:00:00Z The racket here is to create a distinction between “base prices” and surcharges — and making those surcharges look like they’re required by the government when they’re actually just normal business expenses. Newsletter: Airline fees cost passengers over $35 billion a year 2019-09-23T04:00:00Z A separate measure sent to Newsom prohibits those found guilty in the college admissions scandal from benefiting from illegal charitable contributions or business expense deductions on their income taxes. California legislation inspired by college admissions scandal goes to Gov. Gavin Newsom 2019-09-11T04:00:00Z A defense attorney argued Bennett was free to mix her personal and business expenses. Judge to sentence woman who spent investor money on prayers 2019-07-30T04:00:00Z Robin Massey, the head coach’s wife, became the team’s general manager, handling business expenses and trying to generate publicity. Herricanes female football players hold reunion in Houston 2019-07-24T04:00:00Z Al deducted the cost of that investigation as a business expense too. The judge who speaks Trump’s language 2019-06-22T04:00:00Z Prosecutors say in a news release that Arrington worked at a business, referred to only as “Company 1,” and was assigned a credit card for business expenses. Rapper charged with illicit purchases on company credit card 2019-06-04T04:00:00Z He is charged with diverting some of the book’s proceeds and spending it on his personal and business expenses. Avenatti charged with defrauding Stormy Daniels, attempting to extort Nike 2019-05-22T04:00:00Z The QBI is in addition to the deduction for all other business expenses and is designed to encourage business activity. Perspective | Save money on your 2019 taxes by starting now 2019-04-18T04:00:00Z “This recharge is simply a business expense,” Venkatesh told Reuters by e-mail, adding that the arrangements were in “full compliance” with Indian regulations. Philip Morris says Indian partner charges machinery costs; calls it... 2019-03-13T04:00:00Z “The deduction for the business use of a home is still available; however, the Tax Cuts and Jobs Act eliminated employee business expenses on Schedule A,” Weston says. Perspective | Blindsided by your 2018 taxes? How to prepare now for your 2019 return. 2019-03-05T05:00:00Z Unreimbursed employee expenses: A number of employees’ business expenses that weren’t reimbursed by their employers — like classes and seminars — are no longer deductible. The 8 Most Common 2019 Tax Return Questions, Answered by Experts 2019-02-13T05:00:00Z He’s 10th on the all-time money list with earnings of $46.6 million and likely deducts any caddie payments as business expenses anyway. Column: Stiffing your caddie is never a good look 2019-02-16T05:00:00Z Tesla said it also covered the business expenses of a second aircraft owned by Musk, paying another $46,000 in 2017. Elon Musk’s highflying 2018: What 150,000 miles in a private jet reveal about his ‘excruciating’ year 2019-01-29T05:00:00Z The European Commission noted that, as with other business expenses, the cost of the fees helped drive up prices paid by all consumers, even those who did not use cards. E.U. Fines Mastercard $650 Million Over Fees Merchants Were Forced to Pay 2019-01-22T05:00:00Z He kept meticulous ledgers, which tracked millions of dollars in drug shipments, as well as business expenses, including pricey hit jobs and tons of ice and fresh fish to back his drug boats’ cover. $100 million is ordinary money in the world of ‘El Chapo’ 2019-01-22T05:00:00Z The royalties counted as business expenses and therefore were not taxed in the Netherlands. Netherlands May Have Given Nike Illegal Tax Breaks, E.U. Says 2019-01-10T05:00:00Z Doubletree was among the top 10 hotel brands named on business expense reports in the third quarter of 2018, according to Certify, a travel and expense report-processing company based in Portland, Maine. Doubletree by Hilton scrambles to repair image after black guest is removed in Oregon 2019-01-04T05:00:00Z What may be the craziest part of the list of nine wacky charges is that six of them were actually approved as legitimate business expenses. Human skull, llama rental and Cher tickets among craziest business expenses 2018-12-27T05:00:00Z Previously, as an aerospace engineer with a side gig, he tracked business expenses with receipts and forwarded emails. 3 ways a new credit card can boost your side job 2018-12-27T05:00:00Z Marijuana businesses can’t deduct their business expenses on their federal taxes and face huge challenges getting insurance and finding real estate for their brick-and-mortar operations. Legal marijuana industry had banner year in 2018 2018-12-27T05:00:00Z In 2007, he agreed to pay $150,000 in civil penalties to settle charges that he misrepresented travel costs and business expenses, according to the Securities and Exchange Commission. Former Red Robin burger chain CEO dead from self-inflicted gunshot, reports say 2018-12-04T05:00:00Z This week’s best business quotes cover money laundering regulations, business expense monitoring, paying workers after bankruptcy, and more. Speaking of Business: ‘Python a legitimate business purchase,’ in expense review 2018-11-24T05:00:00Z On a day-to-day basis, Certify representatives say that most business expense reports filed in the United States are pretty mundane. Human skull, llama rental and Cher tickets among craziest business expenses 2018-12-27T05:00:00Z Banta’s attorney says his client admitted improperly claiming $3,200 in personal meals as business expenses. Sentencing set for ex-CEO of metro Phoenix’s transit system 2018-11-20T05:00:00Z On the other side of the ledger, Congress continues to let employers required to pay these discrimination awards deduct them from their tax bills as business expenses. How American tax laws encourage inequality 2018-11-17T05:00:00Z But if the parties can show that the agent worked for the club, not the player, none of these taxes are due and the agent’s fee is treated as a regular business expense. Special Report: Double agents - How soccer clubs, players and... 2018-11-09T05:00:00Z One of her attorneys insisted Bennett was free to mix her personal and business expenses. Woman convicted of fraud; FBI said she cast ‘hoodoo’ spells 2018-10-17T04:00:00Z The inspector general said the money went to “business expenses unrelated to the contracts” but provided no further details. Montana tribe deflects blame for misuse of water money 2018-10-05T04:00:00Z The indictment states Bee falsely claimed the purchase of six cars plus construction work that included a custom garage for the vehicles were business expenses of Bee Line Transportation. Ex-Pima County justice of peace accused of false tax return 2018-10-01T04:00:00Z The royalties counted as business expenses and in that way avoided taxation in the Netherlands. The Netherlands, a Tax Avoidance Center, Tries to Mend Its Ways 2018-09-20T04:00:00Z “The IRS clarification makes clear that the long-standing rule allowing businesses to deduct payments to charities as business expenses remains unchanged under the Tax Cuts and Jobs Act,” Treasury Secretary Steven T. Mnuchin said Wednesday. Some small business owners could avoid cap on state and local tax deduction after IRS clarifies new rules 2018-09-05T04:00:00Z His partners objected to some of his business expenses, questioning his Concorde flights to Paris and suites at the city’s lavish Hôtel de Crillon. The Rise and Fall of Paul Manafort: Greed, Deception and Ego 2018-08-13T04:00:00Z Authorities say the 66-year-old Brick man, whose law office was in Manchester Township, used the stolen funds for his own benefit, paying personal and business expenses. Elder law attorney admits stealing millions from clients 2018-07-27T04:00:00Z If it’s an ordinary business expense, then include it in your base rate. When companies say a merger will result in lower prices, try laughing in their face 2018-07-10T04:00:00Z It speculates Lee is running company ads for a business expense deduction to avoid more income taxes. Complaint targets Tennessee governor hopeful’s business help 2018-06-16T04:00:00Z On Wednesday, the IRS clarified that so-called pass-through businesses, whose owners file taxes through the individual code, could take a full deduction for such contributions because they still qualify as a business expense. Some small business owners could avoid cap on state and local tax deduction after IRS clarifies new rules 2018-09-05T04:00:00Z The remainder, they said, might be considered nontaxable business expenses, construed broadly enough to include $45,000 for cosmetic dentistry. The Rise and Fall of Paul Manafort: Greed, Deception and Ego 2018-08-13T04:00:00Z The plan relied on passing business expenses through one of his company’s subsidiaries and allowing clients to write off the loss on their individual tax returns. Financial adviser gets 7 years in prison in fraud case 2018-06-06T04:00:00Z The company decided to reclassify the cost of “personal and home security services” for Mr. Buffett as a business expense, rather than a benefit that counts as compensation. Did We Say $1.5 Million? We Meant $10.9 Million. Firms Fix CEO Pay Flubs 2018-05-30T04:00:00Z The United States attorney in New Jersey, Chris Christie, took notice, opening an investigation into whether political contributions and other expenses were wrongly listed as business expenses on tax returns. In Jersey City, It’s Kushner vs. Kushner in a Race to Develop 2018-05-21T04:00:00Z Earlier proposals would have grown the standard deduction within a year, but Bruner said that was delayed in favor of corporate tax cuts and bigger tax deductions for business expenses. Benefits of Iowa’s tax cuts could be delayed by slow growth 2018-05-20T04:00:00Z “What the bill gave with extra stimulus in the one hand could be pulled back a bit by limiting business expenses on the other hand,” he said. Hotels Hope That Tax Law Will Revive Corporate Meetings 2018-03-26T04:00:00Z Prosecutors say Arora was at the Chicago office of McKinsey & Company when he billed clients for business expenses that were actually personal vacations around the world. Consultant who billed clients for vacations sent to prison 2018-03-15T04:00:00Z She is referring to Section 280E of the Internal Revue tax code, which was enacted in 1982 to prevent drug traffickers dealing in illegal substances from deducting business expenses. Inside the Beltway: Cannabis crowd praises Trump tax cuts 2018-03-13T04:00:00Z Nardozzi is accused of, among other things, conspiring to fraudulently deduct millions of dollars of personal expenses for Joyce as legitimate business expenses of the senator’s law firm. Accountant accused of helping ex-state senator defraud IRS 2018-01-29T05:00:00Z He pushed for some of the small-business-focused provisions of the tax law, including a doubling of the business expense write-off. Rep. Dave Reichert talks about immigration, tax cuts, Donald Trump — and his plans after leaving Congress 2018-01-27T05:00:00Z “It’s a Republican Washington, D.C., and being inside golf, I knew golf was a legitimate business expense.” Golf took an unexpected hit in the new tax law. Will it cause lasting damage? - Golf Digest 2018-01-24T05:00:00Z Robert Beck of Mount Prospect was accused of taking money from a client’s estate and using it for personal and business expenses. Attorney sentenced to prison for stealing from clients 2018-01-23T05:00:00Z It also alleges that he falsely represented legitimate business expenses and made checks payable to himself from company accounts. Feds indict man accused of stealing more than $1.1M at work 2018-01-19T05:00:00Z Moreover, any property tax the investor paid over the years would have been deducted as a business expense — even though the deduction for property taxes for a homeowner has been capped at $10,000. How the Tax Code Rewrite Favors Real Estate Over Art 2018-01-12T05:00:00Z Still others want to know if they can write off what they spend on buying bitcoin as a business expense. ‘It’s going to be a nightmare’: Some bitcoin investors are in for a rocky tax season 2018-01-11T05:00:00Z “As a business expense,” Mr. Offer said, “this place pays for itself.” Inside the Hollywood Home of Social Media’s Stars. (Don’t Be Shy.) 2017-12-30T05:00:00Z What Congress could and should do, and we realize the current Congress won’t, is eliminate the drug industry’s ability to write off its billions in advertising spending as a business expense. Editorials from around New England 2017-12-29T05:00:00Z It called on Congress to “disallow direct-to-consumer advertising of prescription drugs as a tax-deductible business expense” as a way to refocus manufacturers’ priorities. Missed opportunity: GOP tax bill could have lowered crazy-high drug prices 2017-12-21T05:00:00Z Under current law, employees are allowed to deduct unreimbursed business expenses if they total more than 2 percent of their adjusted gross income. With tax overhaul passed, here are five moves to consider before year’s end 2017-12-20T05:00:00Z Companies, on the other hand, will continue to be able to deduct their state and local tax payments as normal business expenses. Tax Bill: What’s in, what’s out, what happens 2017-12-20T05:00:00Z Companies, on the other hand, will continue to be able to deduct their state and local tax payments as normal business expenses. Tax Bill: What’s in, what’s out, what happens 2017-12-19T05:00:00Z The biggest hit for some will be the inability to deduct unreimbursed business expenses, like legal and accounting costs, beyond the new standard deduction. Tax Cuts Benefit the Ultra Rich, but Not the Merely Rich 2017-12-18T05:00:00Z Supporters argued such a fee is a legitimate business expense. State Fund board to meet on lawsuit against state 2017-11-27T05:00:00Z The charge cards are used to pay for "business expenses". Commons credit card purchases revealed 2017-11-09T05:00:00Z But people rely on those tax breaks in budgeting for medical expenses, adopting children, replacing stolen or disaster-damaged property, and even paying for business expenses. They spent years planning to live with Alzheimer’s disease. The GOP tax bill threatens those plans. 2017-11-04T04:00:00Z A source close to the monk said any payments he received were for legitimate work done and business expenses. Revealed: Dalai Lama’s ‘personal emissary’ suspended over corruption claims 2017-10-27T04:00:00Z So will the chief executives of many large publicly traded companies who often itemize large, unreimbursed business expenses, which will no longer be allowed. Tax Cuts Benefit the Ultra Rich, but Not the Merely Rich 2017-12-18T05:00:00Z For more than 100 years, companies in the U.S. have been properly allowed to deduct those expenses, like any other business expenses, to produce a finished product or service, which then is taxed. Excerpts from recent South Dakota editorials 2017-10-19T04:00:00Z Rosenthal, who previously worked as legislative counsel to Congress’ Joint Committee on Taxation, said he expects lawmakers to continue to allow the business expense deduction. Corporations to keep tax break lost by millions of Americans 2017-10-18T04:00:00Z There are exceptions that often depend on whether a gift was given in a personal capacity or as a business expense. Hedge fund billionaire flew top Mnuchin aide on private jet to Palm Beach 2017-10-03T04:00:00Z This is consistent with the First Amendment as well as the treatment of every other business expense, such as wages and research and development. Ron Paul: This Tax Is Washington's Latest Threat to Free Speech 2017-08-25T04:00:00Z Instead he used their money to pay his living and business expenses. Investor who stole funds sentenced to 9 years in prison 2017-08-18T04:00:00Z From the mortgage interest deduction to charitable giving to business expense write-offs, Brady said the plan was still in development and depended on cooperation with Trump. Republicans worry tax reform could be victim of their worsening relationship with Trump 2017-08-17T04:00:00Z Attorney Annette L. Hayes said in a statement that Yoo never actually invested the money of certain clients, and instead used their money to pay his own living and business expenses. Bellevue investment adviser gets nine-year sentence in Ponzi scheme 2017-08-17T04:00:00Z Authorities say he used the money for business expenses and personal expenses including country club dues and his daughter’s tuition payments. Minneapolis businessman sentenced for pension plan thefts 2017-08-11T04:00:00Z Instead, “members should be reimbursed for their reasonable business expenses, as other organizations routinely do for their employees.” Excerpts from recent Minnesota editorials 2017-07-31T04:00:00Z The indictment accuses him of falsely reporting business expenses. Attorney: Ex-deputy will fight federal tax charges 2017-07-20T04:00:00Z Rowser also alleged that Trunk Club failed to pay overtime, provide proper meal periods and rest breaks, and reimburse for business expenses. Ex-worker at Nordstrom-owned Trunk Club sues over unpaid wages 2017-07-11T04:00:00Z He claimed the policy as a tax-deductible “business expense,” receiving refunds from the U.S. government and Wisconsin. Lottery rigging accomplice used payout for offshore tax scam 2017-07-05T04:00:00Z So you’ll need to keep careful track of income and business expenses. Mortgages for Seniors? Available, but Exacting 2017-06-02T04:00:00Z The system is designed to detect things like unwarranted deductions and business expenses. New York tax officials stop 330k suspicious refund claims 2017-06-01T04:00:00Z Coca-Cola told the SEC that what may at first appear to be recurring business expenses are in fact unique charges. Companies Are Winning the Battle Over Adjusted Earnings 2017-05-22T04:00:00Z Flake argued that owners are writing off the cost of buying alpacas along with related improvements to their property as business expenses. Americans are using alpacas to dodge taxes, a U.S. senator warns 2017-04-12T04:00:00Z Early on, Career Education treated loan losses as a routine business expense. Loans ‘Designed to Fail’: States Say Navient Preyed on Students 2017-04-09T04:00:00Z They previously pleaded not guilty to charges that they filed bogus tax returns on nearly $9 million and claimed millions in personal expenses as business expenses. ‘The Situation’ hit with additional tax fraud charges 2017-04-07T04:00:00Z The alpacas write-off applies to small business owners of all stripes, letting them speed up depreciation write-downs of business expenses such as equipment. How losing lottery tickets and alpaca farms turn into billion-dollar tax loopholes 2017-04-05T04:00:00Z Medtronic in a Nov. 4 letter defended omitting restructuring costs from adjusted earnings after the SEC asked whether it was misleading because it excludes regular business expenses. Companies Are Winning the Battle Over Adjusted Earnings 2017-05-22T04:00:00Z Senate Bill 265 would also require drugmakers to disclose business expenses related to diabetes treatments and license all pharmaceutical sales representatives. Nevada coalition wants drugmakers to reimburse diabetics 2017-03-29T04:00:00Z Amundson says Barbay submitted inflated business expenses of other employees to a credit card company and then directed that company to credit his account for the excess. Ex-financial manager pleads guilty to embezzling $1.4M 2017-03-23T04:00:00Z Foreign taxes would be allowed as normal business expenses but not direct reductions of their U.S. taxes. Opinion | One simple way to tax corporations 2017-03-15T04:00:00Z Under the destination tax, the overseas sales would not be counted as revenue, but the expense of producing them would still be deducted as a business expense in calculating the company’s taxable profit. Analysis | When it comes to corporate tax reform, the GOP may be on to something. Really. 2017-03-11T05:00:00Z The challenge for the SEC lies in drawing a distinction between outliers and regular business expenses, when many fall into a gray area. Companies Are Winning the Battle Over Adjusted Earnings 2017-05-22T04:00:00Z The IRS looks for cheaters who inflate deductions, such as the value of goods donated to charities, the amount of unreimbursed business expenses, cash contributions and medical expenses, Foss said. Perspective | Five ways to increase your risk of the IRS auditing your taxes 2017-03-07T05:00:00Z To offset the huge loss of revenue, the plan eliminates the deductibility of imports as a business expense, as well as a few other large deductions. Opinion | Will the grand Republican tax plan work? 2017-03-03T05:00:00Z Another fear is the impact of a move away from the tax deduction for interest on corporate debt in favor of the immediate deductibility of business expenses. Did Someone Say ‘Tax Code Rewrite’? Lobbyists Scramble 2017-02-24T05:00:00Z The proposal, a border adjustment tax, would remove companies’ ability to deduct import costs, including on raw materials, as regular business expenses. Border-Adjustment Tax Divides Energy Sector 2017-02-23T05:00:00Z The hikes vary by region under a new tiered policy that will help the company adjust for local wage standards and other business expenses. Shake Shack’s prices are going up: Why the hip burger joint’s wage and price hikes might be good for business 2017-01-17T05:00:00Z But they said the Hainesport man instead used the funds to pay personal and business expenses. Prosecutors: Financial adviser stole nearly $900,000 2017-01-15T05:00:00Z Mr Hashemi, who is originally from Iran, said he looked on it as a business expense. Montreal restaurant Marche Ferdous warms hearts with free meals policy - BBC News 2017-01-04T05:00:00Z “While many owners strive to follow the law and include workers in their success, others have sought to enrich themselves by undercutting wages and passing business expenses onto their workers.” Women sue Orange County nail salon, claiming wage fraud amid long work days 2017-01-02T05:00:00Z A llama, a blowup doll and a bagpipe player all appeared on business expense reports in 2016, and you may be surprised to learn which of the three was approved. How a llama and a blowup doll ended up on business expense reports 2016-12-17T05:00:00Z Sullivan testified that he fired Elwood after discovering a series of financial irregularities, including that he repeatedly used the company credit card for personal purchases, coding them as business expenses. ‘He is a thief’: Little League teammates go to war over fortune made in youth baseball 2016-11-20T05:00:00Z It allows immediate deductions for most business expenses and investments, eliminating the need for complicated depreciation schedules, and does away with the interest deduction. A Rare Moment of Unity on Capitol Hill, Thanks to Trump’s Taxes 2016-11-03T04:00:00Z “The costs associated with these payments were recorded in GSK’s books and records as legitimate business expenses, such as medical association sponsorships, employee expenses, conferences, speaker fees and marketing costs,” the statement said. Glaxo to Pay $20 Million to Settle U.S. Bribery Case in China 2016-09-30T04:00:00Z After The Washington Post reported that he’d used his tax-advantaged, ostensibly charitable foundation to cover certain business expenses — which is illegal — Trump told a rally that “there’s nothing like doing things with other people’s money.” American capitalism’s lousy, lousy week 2016-09-24T04:00:00Z AstraZeneca also falsely recorded the improper payments in China and Russia as bona fide business expenses, the SEC said. AstraZeneca to pay $5.52 million to resolve SEC foreign bribery case 2016-08-30T04:00:00Z The SEC said that through at least 2010, AstraZeneca failed to put in place internal accounting controls in these two regions, and that the company recorded all the improper payments as bona fide business expenses. AstraZeneca Agrees to Pay $5.5 Million to Settle Alleged Bribery Probe 2016-08-31T04:00:00Z They say that since at least 2009, Mizelle submitted dozens of fraudulent expense reports that disguised personal expenses as business expenses. Feds: Suburban Indianapolis utility CEO embezzled $500,000 2016-08-16T04:00:00Z The tax returns would also show what Trump declares as business expenses and whether he keeps foreign accounts. Trump demanded Obama’s records. But he’s not releasing his own. 2016-08-12T04:00:00Z Mr. Trump personally oversees many of his routine business expenses this way. Donald Trump’s Complex Business Ties Could Set a New Precedent 2016-07-04T04:00:00Z Miller, who keeps about 20,000 colonies, says he now factors in hive loss as an annual business expense. The Last, Best Refuge for North America's Bees 2016-06-27T04:00:00Z Keep money for taxes and other business expenses in the business account so it doesn't get touched. How to Stay on Top of Quarterly Tax Payments in 2016 2016-05-19T04:00:00Z Only Trump’s tax returns will reveal information such as his gross income and what kind of business expenses and deductions he used to determine how much of his earnings were subject to taxation. Donald Trump releases financial info, but still no tax returns 2016-05-18T04:00:00Z Court records say there was no investment though, and that Hahn used Bailey’s money for personal and business expenses. Man accused of defrauding filmmaker pleads guilty under deal 2016-04-20T04:00:00Z During that time, they filed much of their personal spending as business expenses for Grassroots Consulting, prosecutors said. Former U.S. tax judge charged with cheating on her tax returns 2016-04-05T04:00:00Z Federal prosecutors say some of the thousands of returns the Mount Vernon man’s business, GenGen Inc., filed between 2009 and 2012 contained inflated deductions for business expenses and gifts to charity. Indictment: Tax preparer filed false returns for clients 2016-03-31T04:00:00Z And any penalty might be tax deductible as a business expense. Apple May Be Willing to Risk Contempt Charge 2016-03-21T04:00:00Z He eventually started paying himself $245,000 a year from the proceeds, prosecutors say, and falsely declared tens of thousands of dollars in family expenses as business expenses to minimize tax liability. Federal trial begins Monday for Washington state auditor 2016-03-12T05:00:00Z Correspondence audits examine areas in which the IRS often turns up reporting issues, such as for business expenses, rental properties and charitable deductions. Ticket to a Tax Audit: $1 Million 2016-02-22T05:00:00Z The improper payments were disguised as legitimate commissions or business expenses in company books and records, the SEC said. Tech company PTC to pay $28 million to resolve U.S. bribery probes 2016-02-16T05:00:00Z Excluding common business expenses like stock compensation, taxes and depreciation — a measure called adjusted Ebitda that the company prefers to highlight — Twitter reported a profit of $191 million compared with $141 million a year ago. Twitter User Growth Stalls, and the Chief Pledges to Make Fixes 2016-02-10T05:00:00Z Some additional expenses such as charitable contributions, casualty losses, unreimbursed business expenses, job search expenses and the state and local sales tax deduction may push you over the standard deduction. How to Get the Biggest Tax Refund This Year 2016-02-02T05:00:00Z She wrote company checks to herself for payments of what she disguised in the reports as legitimate business expenses. Nebraskan imprisoned for mail fraud; must pay restitution 2016-01-12T05:00:00Z For such customers, it was a legitimate business expense. Why a simple spreadsheet spread like wildfire 2016-01-03T05:00:00Z “A halfway competent market analysis would have told you that the bulk of our business was in selling to small businesses who viewed us as a business expense,” recalled one former chapter executive director. The corporate takeover of the Red Cross: How a former AT&T exec gutted America’s most recognizable charity 2015-12-27T05:00:00Z They allegedly failed to report income and claimed personal expenses as business expenses. Accountant for ‘The Situation’ pleads guilty to tax charge 2015-12-16T05:00:00Z The I.R.S. said that unless enforcement agencies explicitly forbade it, corporations generally deducted settlements as a business expense. Tax Deductions Blunt Impact of Large Corporate Settlements, Report Says 2015-12-03T05:00:00Z Gathering up documentation about business expenses, charitable donations and other potential opportunities for deductibles from this year will save you time and headaches later. 11 Tax Moves Every Taxpayer Should Make Before the End of the Year 2015-12-01T05:00:00Z If you own your own business, create a separate business checking and savings account and a credit card used solely for business expenses. 5 Steps to Retirement Planning for Entrepreneurs 2015-11-20T05:00:00Z If you drive for Uber, for example, deposit any fares into your businesses account, and pay any business expenses such as gas, insurance and maintenance from that account. 4 Tax Tips for Freelancers, Dog Sitters and Airbnb Hosts 2015-11-11T05:00:00Z He mingled personal and business expenses as a state legislator in Florida. Explaining Marco Rubio’s money problems 2015-11-04T05:00:00Z Savings on business expenses. Business credit cards often provide their card members with exclusive access to special shopping portals featuring additional savings and discount opportunities with popular small business and office supply purchases. 7 Credit Card Perks for Small Business Owners 2015-10-28T04:00:00Z Democratic presidential candidate Hillary Clinton on Tuesday will propose a plan to lower the cost of prescription drugs, in part by ending pharmaceutical companies' ability to write off consumer-directed advertising as a business expense. Clinton aims to lower drug costs, end industry 'profiteering' 2015-09-22T04:00:00Z The indictment says there was no investment and that Hahn used Bailey’s money for personal and business expenses. Ex-millionaire accused of fraud seeking plea deal 2015-09-16T04:00:00Z “The food baskets and the support we gave to extracurricular school activities, such as the Thai boxing or capoeira classes, were all accounted for as part of our business expenses,” he explained. The day I met Rio’s favela master: the drug lord who championed the poor 2015-09-12T04:00:00Z As House Speaker in the Florida House of Representatives, Rubio used a Republican Party American Express card to pay for personal and business expenses, The New York Times reported. Explaining Marco Rubio’s money problems 2015-11-04T05:00:00Z The Situation and his brother Marc Sorrentino were charged last year with filing bogus tax returns on nearly $9 million and claiming millions of dollars in personal expenses were business expenses. Lawyer for reality television star The Situation withdraws from federal tax fraud case 2015-08-14T04:00:00Z Sorrentino and brother Marc were charged last year with filing bogus tax returns on nearly $9 million and claiming millions in personal expenses were business expenses. Lawyer for reality star ‘The Situation’ bows out of tax case 2015-08-14T04:00:00Z On Thursday Judge Edward Chen held a hearing over whether to certify a class-action lawsuit by three Uber drivers who are seeking reimbursement for purportedly unpaid business expenses and gratuities. Uber Gets a Class-Action Tutorial 2015-08-09T04:00:00Z Meanwhile, the business expense management company Certify found that Uber accounted for 54 percent of all rides among its clients in L.A. Los Angeles May Put the Brakes on Uber and Lyft at LAX Airport 2015-08-06T04:00:00Z Taxpayers can deduct reasonable business expenses, but not lavish or extravagant ones. Charging $476K For Strippers On Company Card? No Tax Deduction, Jail Instead 2015-08-04T04:00:00Z The lawsuits demand backpay for overtime, workers compensation, unemployment insurance, unpaid meal breaks and business expenses. Shackling the Sharing Economy 2015-08-02T04:00:00Z Our team members’ salaries are simply a business expense paid prior to profits being distributed. Why This Coffee Company is Giving Away 100% of Its Profits 2015-07-31T04:00:00Z The 57-year-old used the money for personal benefit, travel and business expenses, and to purchase new cars that he advertised on the company’s website. News briefs from around Tennessee at 1:58 a.m. EDT 2015-07-31T04:00:00Z The business expense category is a wide one as long as your record-keeping and documentation is good. New Way To Claim Pets On Your Taxes 2015-07-15T04:00:00Z Amazon spokesperson Julie Law declined to comment on actual numbers, but called Prime Day a calculated “business expense.” On Prime Day, A Closer Look At The Numbers Behind Amazon's Membership Program 2015-07-15T04:00:00Z Advertising costs are an ordinary and necessary business expense, and are tax deductible as such, just like salary and rent. Advertising Industry Should Not Be A Target For Higher Taxes 2015-07-10T04:00:00Z Prosecutors say the defendant misappropriated most of the funds to pay for personal and business expenses. New Jersey resident gets prison for commodities fraud 2015-07-01T04:00:00Z He allegedly did so by adding false business expenses. Davenport tax preparer charged with fraud, stealing refunds 2015-06-22T04:00:00Z Commercial loans for equipment purchases and other business expenses increased 19 percent to $1.48 billion. Maine’s community banks see spike in commercial loans 2015-06-21T04:00:00Z California law expressly requires employers to reimburse employees for business expenses and several suits proceeding against Uber are based on that state law. Daily Report: Uber Ruling Spurs Debate Over Workers 2015-06-18T04:00:00Z The voluble Australian executive is accused of disguising family vacations and junkets as business expenses, and hiring his wife to oversee a money-losing company hotel project. SEC Hates Unreported Perks, And Dow's Chairman Is Latest To Find Out 2015-06-05T04:00:00Z Fear not, however: the players are entitled to deduct the fines paid to the team on their tax return as an unreimbursed business expense. Denver Broncos Institute "Fart Tax," Democratic Lawmakers Add It To 2016 Federal Budget 2015-06-04T04:00:00Z Foster also falsely claimed that he needed money for litigation costs, business expenses and foreign travel, according to the indictment. Former Senate committee staffer charged in fraud case 2015-05-28T04:00:00Z Between 2008 and 2015, prosecutors allege Foster got the women to send him money by claiming that he needed the funds for various fictitious reasons, such as paying for legal costs, business expenses and travel. Former long-term U.S. Senate staffer charged with wire fraud 2015-05-28T04:00:00Z After all, you paid the premium in full, the insurance is undoubtedly a business expense….why wouldn’t the payment represent a good tax deduction? Tax Geek Teusday: When Can A Business Deduct Prepaid Expenses? 2015-05-25T04:00:00Z Thus, the potency of a criminal conviction as a deterrent seems to have been dissipated, perhaps to the point that it is just another business expense. Guilty Pleas and Heavy Fines Seem to Be Cost of Business for Wall St. 2015-05-20T04:00:00Z A normal business, for example, might pay a 30 percent federal rate on its taxable income, which would represent its gross income minus deductible business expenses. Legal Marijuana Faces Another Federal Hurdle: Taxes 2015-05-09T04:00:00Z For him, the price of 18 veneers was a business expense. Noninvasive Cosmetic Surgery Can Deliver Confidence, at a Cost 2015-04-24T04:00:00Z The agents allege he then claimed nearly $66,000 in business expenses that were actually personal. Washington State Auditor Is Indicted For Tax Evasion, Stolen Property, Perjury 2015-04-16T04:00:00Z The IRS knows where you live, where you work, who you’re married to, and if you’ve ever taken a latte as a business expense, where you get your coffee. What to Do If You Owe the IRS But You Can’t Pay 2015-04-16T04:00:00Z And while dubious business expenses and home offices might help you save a few dollars, most people pay something near what the government sets as the tax rate for their income. Find Out If Your Tax Rate Is Higher Than Walmart's 2015-04-15T04:00:00Z Life insurance reserves are a business expense for the companies; as such, they are deductible from the insurers’ federal income taxes. Risky Moves in the Game of Life Insurance 2015-04-11T04:00:00Z But they can be deducted as business expenses. I.R.S. Is Looking Into Captive Insurance Shelters 2015-04-10T04:00:00Z Annual mortgage business expenses declined by $2.3 billion, or 30 percent. Mortgages may be a bright spot for U.S. bank results in first quarter 2015-04-10T04:00:00Z Congress prohibited anyone selling controlled substances from getting tax breaks in 1982, after a drug dealer claimed his yacht and weapon purchases as legitimate business expenses. Oregon lawmakers seek federal tax code change for legal pot 2015-04-09T04:00:00Z His name was Andrew Mottershead, and he filed false tax returns claiming extra business expenses. Tax officials let him off with a warning, as long as he agreed to pay the money back. Best And Worst Tax Excuses To Fix IRS Penalties 2015-04-09T04:00:00Z Contributions are made by the employer only and are tax deductible as a business expense. FidelityVoice: Make Your IRA Contribution -- And Invest It Too 2015-03-27T04:00:00Z Blixseth said the purchases were legitimate business expenses as he sought during the last decade to expand the Yellowstone Club ski and golf resort near Big Sky into an international club for the ultra-wealthy. Montana agency: Real estate mogul owes $73.8M in back taxes 2015-03-24T04:00:00Z And one more thing: even though the IRS may consider you an employer, wages you pay to a household employee are generally personal expenses and not business expenses. Taxes From A To Z (2015): H Is For Household Employees 2015-03-15T04:00:00Z As with all business expenses, you’ll want to keep good records to substantiate your deductions. Taxes From A To Z (2015): A Is For Actual Expense Method 2015-03-03T05:00:00Z Deducting too many, or not enough, business expenses. 9 Tax Mistakes You Should Never Make 2015-03-03T05:00:00Z Corporations deduct business expenses, not investment expenses Corporations with business activities may deduct Section 162 trade or business expenses. C-Corps Have Limited Use For Tax Savings 2015-03-01T05:00:00Z The commission added, “All of these bribery payments were falsely recorded as legitimate business expenses in the books and records of these subsidiaries, which were consolidated into Goodyear’s books and records.” Goodyear Agrees to Settle Bribery Case 2015-02-24T05:00:00Z At the moment, she is making about $20,000 a year, after business expenses, which she tallies at close to $10,000. She diligently built a nest egg as a freelancer. Will it be enough? 2015-02-06T05:00:00Z It can also involve deducting personal expenses as business expenses. 10 Ways Businesses Unknowingly Break The Law 2015-02-02T05:00:00Z Between 2002 and 2009, they fraudulently charged personal expenses to their corporate credit cards, submitting vouchers to Pace for reimbursement, falsely describing this as business expenses. Fraudster will serve time 'at home' 2015-01-29T05:00:00Z On top of that, they are responsible for tracking and reporting their own business expenses. Intuit Embraces The Disruptors--Partners With Uber 2015-01-28T05:00:00Z The owner deducted the beer as a business expense, and the IRS said no. 10 Crazy Sounding Tax Deductions IRS Says Are Legit 2015-01-26T05:00:00Z As a result, the business expenses attributable to the “consulting” arm of the business were not barred by Section 280E. IRS Futher Limits Deductions For State-Legal Marijuana Facilities 2015-01-24T05:00:00Z This would be things like identifying food costs as business meals, deducting personal travel as business travel, or claiming ownership costs of personal real estate as a business expense. 10 Ways Businesses Unknowingly Break The Law 2015-02-02T05:00:00Z After all, the corporate tax is a tax on income, and interest is a perfectly legitimate business expense that must be deducted to properly measure income. Would Congress Dare Pass The Nunes Tax Reform Plan? 2015-01-14T05:00:00Z Although some of these cases focused on disclosure violations, others uncovered more serious violations such as issuing fake stock certificates and stealing client money to pay business expenses. SEC eyes transfer agents in new front against U.S. stock fraudsters 2015-01-12T05:00:00Z So when you write checks for taxes, business expenses, you name it, people write it off. Harold Hamm's $975 Million Uncashed Divorce Check? How About Deducting It 2015-01-08T05:00:00Z These payments were falsely recorded as business expenses incurred by employees, or reimbursements to third-party vendors, or recorded with "almost no detail at all". Avon fined $135m for China bribes 2014-12-17T05:00:00Z Because they are an ordinary business expense, reserves are tax-deductible — the higher the reserves, in general, the bigger the federal deduction. Life Insurers Use State Laws to Avoid as Much as $100 Billion in U.S. Taxes 2014-12-12T05:00:00Z The government has agreed to change the system so that certain business expenses can be reimbursed to employees without dispensations or claims. New rules for business travel and gifts 2014-12-03T05:00:00Z As credit card processing is a major business expense, it’s important to be fully aware of the typical gimmicks and games merchant services providers play. How To Avoid Overpaying For Merchant Services 2014-11-26T05:00:00Z Bank improperly accepted customer funds as security on loans it made to Wasendorf and knowingly allowed him to transfer customer funds to pay other personal and business expenses. Judge orders trial over US Bank’s role in fraud 2014-11-19T05:00:00Z The charity matched faked business expense reports filed by Carter to credit card charges that she used to pay her rent and to get a U-Haul trailer, prosecutors said. Ex-employee gets 6-month term for stealing from cancer research charity and its donors We have deferred to another day the calibration of petitioner’s deductible business expenses. Tax Court Judge Appreciates Art More Than Your Average Revenue Agent 2014-10-06T04:00:00Z She is due back in court, where the Tax Court will be taking a hard look at the nature of her business expenses. Artists Rejoice! Tax Court Concludes Painter's Activity Isn't A 'Hobby' 2014-10-04T04:00:00Z Filling out and managing business expenses isn’t on any professional’s list of favorite to-dos, but Trippeo eases the process for busy, on-the-go business travelers, their accountants, and others burdened by this task. Looking for Your Competitive Advantage? Make a Complex Process Easy 2014-09-28T04:00:00Z In other words, the deductibility of security systems work like other business expenses: personal expenses are not deductible; business expenses are deductible; and mixed use expenses are deductible according to the percentage of use. Back To School 2014: Home Security Systems 2014-09-25T04:00:00Z “The brothers allegedly also claimed costly clothes and cars as business expenses and funneled company money into personal accounts,” Mr. Fishman said. ‘Jersey Shore’s‘ ‘Situation’ faces tax fraud charge 2014-09-24T04:00:00Z Concur provides online software for managing business expenses. US stocks waver at midday after Alibaba debut 2014-09-19T04:00:00Z If you anticipate claiming the use of your phone as a business expense, you’ll need to be able to substantiate the use. Back To School 2014: Sorting Out Phone Expenses 2014-09-18T04:00:00Z Brown’s expenses would very likely hold up under examination as an ordinary and necessary business expense related directly to the production of his income. When It Comes to Grooming, Scott Brown Is No Debbie Wasserman Shultz 2014-09-18T04:00:00Z As evidence, they cite a 2011 case involving former TV anchor Anietra Hamper, who argued unsuccessfully that items like clothing, makeup, and haircuts were legitimate business expenses given her on-screen work. Democrat group to IRS: Look into Scott Brown’s grooming deductions 2014-09-17T04:00:00Z That changes the nature of the expense from a personal expense to a business expense. Back To School 2014: Deducting The Cost Of Playing Sports 2014-09-16T04:00:00Z If uniforms are required by Walmart, the cost and maintenance of the uniform is considered to be a business expense of the employer. Can 1.3 Million Walmart Workers Claim Required Clothes On Their Taxes? 2014-09-08T04:00:00Z Use your business savings account to save for big business expenses like a computer or attending an expensive conference or upgrading your website, etc. From Full-Time To Freelance: How To Make The Leap 2014-09-08T04:00:00Z Certain business expenses are rendered nondeductible in computing taxable income purely as a result of tax policy. Tax Geek Tuesday: Computing Earnings and Profits 2014-08-26T04:00:00Z This result may seem harsh, but it is the operation of the statute, which reflects Congress’ desire to prevent taxpayers from deducting personal expenses as business expenses. Home Sweet RV Does Not Always Produce Best Tax Result 2014-08-25T04:00:00Z And Bank of America will presumably be able to treat some of its penalty as a business expense, which means it will recoup some of it on taxes. Bank of America Set to Pay $17 Billion to End Crisis Probes 2014-08-20T04:00:00Z He says he uses Bitcoin for most of his business expenses. Paying for life's basics by Bitcoin 2014-08-15T04:00:00Z The improper payments, falsely recorded as insurance premiums or other business expenses, "were generally 18 percent to 20 percent of the corresponding VAT refunds," according to a lawsuit by the Securities and Exchange Commission. Special Report: How scams and shakedowns brought down Ukraine to its knees 2014-08-07T04:00:00Z Another idea: Create an email account solely for keeping track of business expenses. 10 Ways To Declutter Your Finances 2014-07-31T04:00:00Z A fine or penalty is deductible as a business expense if it is considered “ordinary and necessary” expense in the taxpayer’s trade or business. NFL Fines, Suspends Ray Rice: Is The Hit To His Wallet Tax Deductible? 2014-07-25T04:00:00Z Trade or business expense deductions described in Code Sec. Deductions You Can Take For Net Investment Income Tax Purposes 2014-07-16T04:00:00Z The Justice Department hasn’t explained why it allows some companies to treat settlement payments as business expenses. Oops---Is BNP Paribas' $9 Billion Terror Settlement Tax Deductible? 2014-07-02T04:00:00Z Ahmed allegedly used the funds for personal expenses and to pay note holders instead of using the money for business expenses. Finra says athletes were victims of Ponzi scheme 2014-06-25T04:00:00Z Charney's employment contract entitled him to "vacation benefits and reimbursement of reasonable and necessary business expenses," according to a company filing in April. Exclusive: American Apparel finds CEO misused funds; helped discredit employee - source 2014-06-21T04:00:00Z In that way, paying that fine could arguably be considered a business expense. NFL Fines, Suspends Ray Rice: Is The Hit To His Wallet Tax Deductible? 2014-07-25T04:00:00Z He claimed the expenses were legitimate business expenses. Ex-school owner gets probation for embezzling 2014-05-30T04:00:00Z And that generally means business expense deductions, since restitution is different from fines under the tax law. As recent controversies confirm, some fines—like much of JP Morgan Chase’s $13 billion settlement—are tax deductible. Oops---Is BNP Paribas' $9 Billion Terror Settlement Tax Deductible? 2014-07-02T04:00:00Z Certainly tax compliance will be much simpler with only total sales needing to be reported, not all manner of business expenses, but a federal tax agency will still be required. I Will Support The Fair Tax When It's Backers Tell The Truth 2014-05-15T04:00:00Z In a 22-12 vote that was largely along party lines, the House Ways and Means Committee voted to increase the credit to 20 percent from 14 percent for qualifying business expenses. U.S. House tax panel backs bigger, permanent R&D tax credit 2014-04-29T17:14:16Z But amazingly, a company is allowed to claim those costs as a business expense. DealBook: Looking at Some Corporate Tax Loopholes Ordinary Citizens May Envy 2014-04-15T01:13:31Z Some physicians and practices noted that some of the Medicare payments were passed through directly to drug companies, used to buy and maintain equipment, and pay for other business expenses. Medicare data show Illinois' biggest billers 2014-04-11T04:50:00Z A C corporation deducts pay as a business expense, so the IRS wants to argue pay is too high and can’t be deducted. Tax-Smart Billionaires Who Work For $1 2014-04-05T13:44:00Z The same goes for self-employed people who are able to lower their taxable income through deductions, business expenses and retirement savings. Wealth Matters: For Boarding Schools, an Evolving Financial Aid Philosophy 2014-03-14T17:52:17Z Canna Care’s disputed tax bill comes from $2.6 million in business expenses that the IRS has disallowed under that code. Christian Pot Dispensary Takes on the IRS 2014-02-26T10:50:22Z The suit alleged Elliott deducted some personal expenses as business expenses on Durant’s taxes without proper documentation. Dallas Mavericks beat New York at the buzzer 2014-02-25T05:39:24Z The IRS has used the Reagan-era tax code, known as 280E, to seek tax penalties against numerous California dispensaries under the argument that their business expenses constitute support of drug-trafficking operations. Medical marijuana dispensary takes on IRS over what it calls ‘punitive’ taxes 2014-02-23T23:48:13Z Taxpayers can deduct reasonable business expenses, but not lavish or extravagant ones. Writing Off Justin Bieber's $75,000 Strip Club Tab 2014-01-22T01:06:00Z Tax Court said $2,500 of the $9,000 he paid her was deductible as a business expense. You Can't Deduct Your Ex On Your Taxes 2014-01-14T06:32:00Z According to the IRS, almost every defendant deducts legal settlements as a business expense unless explicitly forbidden in the settlement agreement. JP Morgan's Nondeductible Madoff Deal Could Kill Deductible Legal Settlements 2014-01-09T05:38:00Z And that generally means business expense deductions, since restitution is different from fines under the tax law. Real Wolf Of Wall Street's Sweet Pay Deal 2013-12-29T20:33:00Z In a petition challenging the IRS finding of tax deficiencies for Canna Care, attorney Spencer Malysiak argued that the agency’s refusal to accept the dispensary’s routine business expenses violates the 14th Amendment’s equal protection clause. Medical marijuana dispensary takes on IRS over what it calls ‘punitive’ taxes 2014-02-23T23:48:13Z Lavish is sometimes defined as a business expense that is significantly higher than what is considered reasonable. Writing Off Justin Bieber's $75,000 Strip Club Tab 2014-01-22T01:06:00Z Tax Court has dealt a setback to young MBA students with little work experience who try to claim their tuition costs as a tax-deductible business expense, lawyers and accountants said on Thursday. U.S. Tax Court rules against MBA student seeking tuition tax break 2013-12-26T20:45:03Z A business expense deduction might be possible, and your first thought might be to look at the clawback tax rules. Jack Dorsey's 10% $100M+ Square Stock Give-Back Isn't About Taxes 2013-12-21T02:15:00Z And yes, of course, interest is a business expense and borrowing money to buy spectrum is a business expense so of course the interest on such a loan will be tax deductible. Vodafone Pays No UK Corporation Tax For Another Year 2013-12-19T09:19:00Z And while his business expenses are fairly unusual — professional bleaching of one’s beard and hair, a product called Shimmer Lights for making white hair “pop” — they’re entirely deductible. What It’s Really Like to Be a Santa Claus for Hire 2013-12-10T10:45:57Z Want a real-life creative example of an attempt at claiming “business expenses?” Writing Off Justin Bieber's $75,000 Strip Club Tab 2014-01-22T01:06:00Z Josh Nowack, an accountant in California, said he does between 30 and 50 tax returns a year that claim MBA tuition as a business expense. U.S. Tax Court rules against MBA student seeking tuition tax break 2013-12-26T20:45:03Z Taxpayers can deduct reasonable business expenses, lavish or extravagant ones. JFK Said These Very Wise Words 2013-11-24T02:29:00Z Andrew Mottershead filed false tax returns claiming extra business expenses, including for lavish items. Tax officials let him off with a warning, as long as he agreed to pay the money back. Tax Excuses To Avoid Penalties....Or Even Jail 2013-11-18T02:57:00Z Those payments — settlements of civil lawsuits that have nothing to do with alleged criminality — are classic examples of deductible business expenses. Sloan: Dislike JPMorgan and Twitter if you must, but don’t accuse them of dodging taxes 2013-11-14T23:53:25Z But many of these firms are entitled to write off as much as 35 percent of their payout as an ordinary business expense. Lawmakers introduce bill to stop corporations from deducting settlements - The Washington Post 2013-11-07T00:20:23Z Hiding a hotel bill from a romantic getaway by claiming it as a business expense is no longer tacitly accepted. So Long Lover. You’re too Expensive. 2013-08-26T08:45:00Z Do you need money for common business expenses like rent, equipment, and travel? 3 Novel Ways to Fund Your Business 2013-07-08T17:10:51Z Chase Smith outlines a few, from putting business expenses on a personal credit card to guaranteeing a lease and borrowing money from family and friends. When It's Time to Cut the Bootstraps 2013-05-10T13:00:49Z Rolling credit over credit debt and using your house to finance your business expenses is bad, bad, bad. Michelle’s Mailbag: Don’t lend money that you want back 2013-04-29T19:46:00Z Annual record-keeping that is distinct from your personal finances also provides proof of business expenses--in case you get audited. Turn Your Passion Into Your Profession 2013-04-22T12:24:53Z Lenz, Endagon Because the IRS will only let you write off 50 percent of entertainment and meals as a business expense, use your credit card points to pay for team retreats. The New Rules of Team-Building Activities 2013-04-19T12:47:00Z As a freelancer, I deduct business expenses from the previous year, which means I need to locate all that data. Consider investment of time when dealing with apps 2013-03-29T23:11:37Z A professional piano player tried to claim their manicures as business expenses. 7 Ridiculous Tax Deductions 2013-03-01T17:14:25Z As Robert W. Wood, a tax lawyer, said in a 2009 Tax Notes article, “The tax deduction for business expenses is broad enough to include most settlements and judgments.” Fair Game: Paying the Price in Settlements, but Often Deducting It 2013-01-12T22:05:03Z To streamline your bills, consider keeping one card for business expenses, one for personal expenses and one that provides a feature that is important to you, such as zero foreign-transaction fees. Herding Your Retirement Accounts 2013-01-12T01:44:31Z Yet a number of these firms are entitled to write off as much as 35 percent of their payout as an ordinary business expense. Government doing more to prevent corporations from deducting settlements 2012-12-31T16:37:18Z The business expense category is a broad one as long as your record-keeping and documentation is good. Santa Can Deduct His Reindeer But You Can't Claim Pets on Your Taxes 2012-12-25T05:47:48Z A ballerina tried to deduct her tummy tuck as a business expense. 7 Ridiculous Tax Deductions 2013-03-01T17:14:25Z They can then deduct that money as a business expense, resulting in a significant tax savings. Wealth Matters: Defined-Benefit Plans Allow Fast Retirement Saving, but With Risks 2012-11-30T16:03:34Z Small business credit cards provide specially targeted expense tracking features as well as helpful rewards in important small business expense categories, such as office supplies and telecommunication services. The Credit Card Mistake That Could Destroy Your Company 2012-11-20T14:01:32Z Tax policy experts say legislative attempts to abolish the deduction have probably failed because damages are essentially business expenses, and one expense should not be treated differently than another. Government doing more to prevent corporations from deducting settlements 2012-12-31T16:37:18Z Sinclair is also accused of claiming more than $4,000 in personal travel as military business expenses. With top brass under scrutiny, Pentagon chief orders ethics review 2012-11-15T15:59:29Z American businesses pay tax on their net not their gross income and business expenses are as American as apple pie. IRS Thwarts Voters Who Legalized Medical Marijuana 2012-11-07T18:20:52Z We pay our defined-benefit plan first and then our business expenses.” Wealth Matters: Defined-Benefit Plans Allow Fast Retirement Saving, but With Risks 2012-11-30T16:03:34Z How common is this temptation to blur personal and business expenses? More Reasons Not to Fudge Business Expenses 2012-11-06T20:02:19Z Because the bonuses were originally earned in Armstrong’s trade or business of being a cyclist, any repaid compensation should be deductible as an ordinary and necessary business expense. UCI Bans, Strips Lance Armstrong. Could Armstrong Next Be Forced To Repay Previously Earned Winnings? 2012-10-22T15:30:39Z Over the years, I have frequently written about business expense cases. Wall Street's High Standards And Honor Demolish Lowly Female Sales Assistant 2012-10-17T14:11:05Z According to the National Federation of Independent Business, ‘energy costs are one of the top three business expenses in 35 percent of small businesses’ in our country. Does Congress Get a Passing Grade on Science? 2012-10-17T11:15:01.200Z Instead, all ordinary business expenses are deductible — that is, you are only taxed on profits, which are revenues minus expenses. Post-Debate Analysis: Debunking Obama's Flawed Assertions on Tax Deductions and Corporate Welfare 2012-10-04T13:44:27Z It’s easy for entrepreneurs hatching startups to fudge the line between personal and business expenses. More Reasons Not to Fudge Business Expenses 2012-11-06T20:02:19Z Patients could apply the credit to employer plans and companies could still claim the benefit as a business expense. Ryan health tax credit idea fills in blank for Romney 2012-08-15T19:49:35Z As early as 2001, Pfizer sales representatives tried to conceal the bribes by recording them as legitimate business expenses for travel, entertainment and marketing purposes, the agency said. Pfizer Pays $60M to Settle Bribery Charges 2012-08-07T18:49:00Z Detail of how the price will be adjusted on closing day to reflect prorated business expenses and, if inventory and accounts receivable are being sold, to reflect closing-day valuations. Understanding a Purchase and Sale Agreement 2012-07-25T16:20:13Z Its cost was deductible as a business expense, and in 1943 the Internal Revenue Service ruled that its value was not taxable as employee income. Economic View: Health Care Ruling Lets the System Evolve - Economic View 2012-06-30T18:55:44Z All $100,000 is considered a business expense and is therefore a tax deduction for the company, but you will pay income taxes only on the $90,000. Supreme Court Calls Insurance Penalty a Tax 2012-06-29T01:56:26Z He encouraged Mr. Coppola, then a reporter, to write an article about how chief executives were using corporate jets to fly to a California retreat and treating it as a business expense. Newspaper Work, With Warren Buffett as the Boss 2012-06-18T01:15:27Z If companies adopt the technology, their employees will be able to collect paychecks and pay business expenses using the cards—enabling Citigroup to collect fees on all of those transactions. Citi Bets That Proofs Lead to Profits 2012-06-05T04:08:05Z Mayfield’s firm accounted for the money as a business expense, the SEC said. SEC says Kilpatrick extracted lavish gifts 2012-05-10T00:17:00Z The survey asked the employees how likely they were to engage in various kinds of unethical behaviors, such as taking office supplies home or inflating business expense reports. How Creativity Connects with Immorality 2012-04-24T11:45:00.247Z He says that his business expenses are often lower than colleagues’ and that he considers his lifestyle an asset in negotiating deals. Muslims on Wall Street, Bridging Two Traditions 2012-04-14T22:03:11Z Then you can buy stuff for yourself and probably write it off as a business expense. It?s the Economy: What?s the Easiest Way to Cheat on Your Taxes? 2012-04-03T08:59:00Z She used the money to pay her own personal and business expenses, according to the complaint, as well as to repay unauthorized withdrawals from other clients’ accounts. Kinde Durkee to Enter a Plea on Fraud 2012-03-29T04:30:05Z Tax experts are also raising concerns that corporate donors to “super PACs” may be deducting their contributions as business expenses. I.R.S. Scrutiny of Political Groups Stirs Harassment Claim 2012-03-07T04:51:13Z This difference goes upon the books of the store as a business expense. The Romance of a Great Store 2012-02-20T03:00:21.577Z Depending on how much business is conducted, it’s also a big business expense tax write-off for at least some of them. On the Road: Last-Minute Super Bowl Trip to Indianapolis Will Cost You - On the Road 2012-01-31T01:24:06Z He also proposes to bar companies from deducting as a business expense costs associated with shutting U.S. operations to move them abroad. Obama Makes Populist Pitch 2012-01-25T13:50:44Z Funneling expenses through such a corporation converts nondeductible personal expenses, to fully deductible business expenses. Contracts for Top College Football Coaches Grow Complicated 2011-12-31T18:37:20Z The tax code also allows artwork in offices to be deducted as a business expense. Est?e Lauder Heir?s Tax Strategies Typify Advantages for Wealthy 2011-11-26T21:24:39Z The line between business expenses and personal ones is sometimes hard to draw when you run your own business, and during those heady times it seemed even harder. Which Way Home?: How a Financial Pro Lost His House 2011-11-09T05:00:06Z The center, which is on pace to do $28 million in sales this year, is defending its practice of deducting millions in business expenses such as salaries and overhead. IRS hits Oakland pot dispensary with $2.4M tax bill but allows marijuana costs to be deducted 2011-10-04T23:21:11Z These included "income stripping," the indictment said, in which clients billed fake companies for consulting services that later were falsely deducted as business expenses on tax returns. Special report: Nevada's big bet on secrecy 2011-09-26T12:39:01Z This approach is justifiable when a tax break is aimed at accurate measurement of income -- as is the case for deducting business expenses. Tax Code Has Upside-Down Rewards for Good Behavior: Peter Orszag 2011-09-07T00:22:04Z Labor costs are the biggest component of business expenses, he said. Retailers, Restaurants Raise Prices to Offset Costs 2011-08-19T12:49:12Z This includes both personal and business expenses, for an adequate length of time. Pay Yourself and Prosper 2011-08-01T10:00:00Z Keith Girard explains how business credit cards punish small-businesses: “Given the disparities between business and consumer credit cards, some small-business owners may opt to simply use their personal credit cards for business expenses.” You're the Boss: This Week in Small Business: Everyone's Pointing Fingers 2011-07-18T11:00:59Z Prosecutors said the couple claimed more than $21 million in fabricated business expenses on clients’ income tax returns. Iowa duo banned from tax return prep; unpaid rent, arrested son among $21M in bogus deductions 2011-07-14T21:38:22Z Thinking of sidestepping the problem by using your personal card for business expenses? Still Waiting for Payment? You're Not Alone 2011-07-14T14:30:00Z Airfare, hotel charges, rental cars and incidental business expenses that aren’t reimbursed by an employer are 100 percent tax deductible. Line is blurry on what you can deduct from taxes when vacation and work overlap 2011-07-10T02:22:00Z The SEC charged that IBM recorded improper payments as legitimate business expenses, violating the requirement that it maintain accurate books and records. SEC accuses IBM of misconduct in providing gifts to Korean, Chinese officials 2011-03-19T04:06:00Z On Kiva, users browse a list of individuals worldwide who need a small loan to pay for business expenses, home improvements or other projects. Rare-Disease Studies Seek Online Micro-Donations to Fund Research 2011-06-27T22:45:00.207Z The business did not earn any income last year, but Ms. Duffy has at least one thing to show for it: a new iPad, for which she paid $650 and listed as a business expense. City Room: Cuomo Earned Less Than Duffy, Tax Filings Show 2011-04-18T22:07:32Z That rule, which took effect Jan. 1, required landlords to report more information about their business expenses. Obama Signs Law Eliminating 1099 Tax Rule 2011-04-14T22:21:26Z In its filing, the company said it planned to use the proceeds from the I.P.O. to pay down debt and for general business expenses. DealBook: Zipcar Soars on Market Debut 2011-04-14T16:14:51Z Postmedia must list shares by late July or face crippling conditions including the inability of advertisers to account for spending with the newspaper chain as a business expense. Canada's Postmedia trims for digital age 2011-04-12T17:38:40Z When I asked, my friends said the tax laws for business expenses did not affect them, one way or the other. Sports of The Times: Gasps From the Grandstand After the Invoice Arrives 2011-04-09T19:21:38Z The fiction that options should not be counted as a business expense finally changed in 2005, when the Financial Accounting Standards Board required that companies recognize the costs of options in their financial statements. Fair Game: Enriching a Few at the Expense of Many 2011-04-09T14:55:12Z The IRS is arguing that normal business expenses that most companies can deduct on their taxes are not applicable to dispensaries. Could medical marijuana get the Al Capone treatment? 2011-03-28T18:23:29Z "Deficient internal controls" allowed staff to conceal bribes as "legitimate business expenses", the SEC said. IBM pays out over bribery charges 2011-03-18T20:08:41Z James D. Bell Jr., the president of the EPE Corporation, which assembles electronic circuit boards at its factory here, said health insurance trends were starkly different from those of his other business expenses. As Health Costs Soar, G.O.P. and Insurers Differ on Cause 2011-03-05T00:14:22Z “In fact, we often use the word ‘personal’ to mean precisely the opposite of business-related: We speak of personal expenses and business expenses, personal life and work life, personal opinion and a company’s view.” Supreme Court Rules on AT&T Case 2011-03-02T01:53:17Z "Think about it: each $100 business expense receipt could be worth up to $50 when it comes time to filing your taxes, depending on your tax bracket." 7 Tax-Saving Tips for Home-Based Businesses 2011-02-21T21:00:00Z To fire up growth, the agreement also allows businesses to write off 100 percent of their capital spending as a business expense next year. Do Jobless Benefits Raise Unemployment? 2010-12-09T04:00:00Z As long as we continue to treat this as a cost of business, with fines being written off as business expenses, this type of behavior will continue. City Room: Lobbyist Ensnared in Fund Scandal 2010-12-08T17:33:00Z Many are already in debt to banks, owing a total of €144 billion in loans for business expenses and expansion, according to Mr. Korkidis. A World Upside Down for Greeks 2010-10-22T14:03:00Z A Moscow restaurateur says bribes are her main business expense each month, amounting to more than salaries, rent or food. Witness: Two deaths and four years in Putin's Russia 2010-10-14T10:05:00Z But mixing personal and business expenses should be a delicate balancing act, adds Gianforte, who cautions against taking on massive amounts of debt. How to Build a Bootstrapping Culture 2010-09-20T08:30:00Z He also suspected, according to Mezrich, that his money was being spent rather more on beer kegs and zip wires than on legitimate business expenses. Facebook's intriguing world revealed 2010-09-11T23:20:00Z Avoid Co-Mingling Mixing personal and business expenses, particularly for a start-up, can be the toughest things to manage. How to Responsibly Use Credit Cards for Your Business 2010-08-09T09:16:00Z He applied for tax relief on the ransom as a business expense. Theo Albrecht obituary 2010-08-05T17:04:00Z They may also be curious about charitable donations, depreciation deductions, dependent exemptions, business expenses, and more. How to Survive a Tax Audit 2010-06-02T11:25:00Z For a genuine business, you may be entitled to deduct certain business expenses. IRS wants a cut of online sales on eBay, Craigslist 2010-05-30T04:00:00Z Whether employee guaranteed employer’s debt Absence of pension plan/profit sharing plan Lack of reimbursement for business expenses Finally, you might consider this from Lena Bottos, a strategic client relationship executive at Salary.com: How to Determine Your Own Salary 2010-05-26T08:59:00Z “Not to mention that it would be an immediate, unbudgeted business expense.” Why Won't My Insurance Cover My Son Until 2011? 2010-05-24T13:00:00Z Trying to write off your personal vacation as a business expense isn't worth the risk. How To Write Off Travel and Entertainment Expenses 2010-03-16T06:29:00Z Small businesses would continue to be able to write off equipment purchases as a business expense, which . House passes tax breaks for new hires 2010-03-04T20:49:00Z They're the only taxpayers in the system who pay taxes on premiums, which count as a business expense for corporations and pretax income for employees. Self-Employed Push to End ‘Health-Care Tax’ 2010-02-26T21:11:00Z Put your home budget on there and then add your business expenses on top. 2010-02-17T07:13:00Z And, of course, you will get to write off business expenses for supplies, conferences, business lunches, and the like—so be diligent about compiling receipts. 2010-01-07T22:00:00Z Capital borrowed from banks should not be considered as capital—and the interest paid on such borrowings should be considered as a business expense. The Settlement of Wage Disputes That is, it is in the nature of an insurance which the employer is made to carry as part of his business expenses. Popular Law-making In calculating their net income, individuals may make allowance for debts, business expenses, and certain other items. Problems in American Democracy |
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