Unfortunately, the services you contribute to a charitable organization are not considered deductible. The reasons for this are you are not reporting income in the first place (so there is ...

If you relocate to start a new job or a new business, the move is assumed to be directly related to your work and is therefore considered a potential deductible ...

If you are a small business owner, you can deduct any legal fees incurred in connection with your business. These may include organization fees or fees paid to an attorney ...

Yes, you are certainly allowed to deduct magazine subscriptions for professional development, so long as the expense incurred with a primary purpose for business.

Unfortunately, your time does not hold any tangible value. The IRS says, "Although you cannot deduct the value of your time or services, you can deduct the expenses you incur ...

If you want to reduce your income tax, you may want to consider taking advantage of charitable donations. These contributions can significantly offset your tax bill if you use them ...

No, you cannot claim your car with a magnetic advertisement on the side of as an advertising expense.

There are many forms available for small business owners to consider when filing their taxes. Keith recommends getting as many resources as possible from Mahalo or the IRS website.