Turning the (tax) tables on the IRS

02/18/2009 | Bloomberg Businessweek

If you've ever felt nickeled-and-dimed by the IRS, April 15 is your chance to get them back. Author and CPA Bernard Kamoroff says the tax code "doesn't even begin to hint at all the things that a business can legitimately deduct." Anything that's "ordinary and necessary" in your line of business can be deducted, even if it's not explicitly outlined by the IRS. "They're all nickel [and] dime, but boy they can add up," Kamoroff says.

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