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New Guidelines for Deducting Rent and Lease Business Expenses (1 viewing)
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TOPIC: New Guidelines for Deducting Rent and Lease Business Expenses
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jopetho (User)
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graphgraph
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New Guidelines for Deducting Rent and Lease Business Expenses 2007/02/26 20:29 Karma: 0  
IRS issued special guidelines to deduct the rent and lease expenses. Taxpayers must follow it when deducting rent and lease expenses incurred as part of a trade or business. They account for part of the overstated adjustments, deductions, exemptions and credits that add up to $30 billion per year in unpaid taxes. Read the Fact Sheet FS-2007-14 from IRS explains it in detail.
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