50 tax deductions

employee sallaries are writeoffs right?

yep

comment retracted.

coffee
paper towels
toilet paper
electricity
depreciation on equipment from last year or previous years
tips
toothpicks
laundry services, such as dry cleaning for pimp outfits
kleenex
property taxes
home owner/business property insurance
stress relief, such as belonging to a gym
exercise equipment

Allowable expense for a corp. Not sure about sole proprietorship.

:eek7

Awesome thread indeed, page bookmarked and will print this out come tax time for me :)

Thanks for the great thread. Bump for everyone who hasn't seen it...

:thumbsup

Duh.

bumo for last minute people

Thanks, great thread. Looks like all the major ones are mentioned. For those US taxpayers that want more info, try this page at the IRS.

Bump for a great thread :)

I'm preparing to get my taxes done now, so I dig over at GFY for ideas and found this, great thread for the rest of us last minute people :)

Thats a good list!

tip: home office deduction gives you a better chance for an audit.

instead of all your car expenses,,,just deduct 30cents per mile you drive.

you drive 20k in a year,,,you deduct $6,000

ask you accountant:thumbsup

Newspapers, periodicals.

Porn memberships.

hahaha thats funny

just got done paying in 6k for taxes for the year. I need more tax write-offs lol

Everyone get them taxes done and take advantage of these common hahahahahaoff's