Most business deductions are allowed regardless of the form in which the business is conducted.
Only a few business related deductions are unique to a particular form of doing business.
But the administration says that greater business deductions will be a potent economic stimulant.
Finally, 20 percent could be deducted from what is left, part of the business deductions available for automobiles.
While business deductions might also come into play, these are subject to limitation and would probably not offset all the additional liability.
What about this trip makes it a business deduction?
Canada would also make changes to income tax law so that advertising in a foreign publication becomes a standard business deduction.
However, the rules for claiming business deductions even for 1986 are strict.
All states that impose an individual income tax allow most business deductions.
But the question is, are we using it as a business deduction?