Tax Resources
 

List of tax deductions for business

List of tax deductions for business - starting with L

  • Lawsuit expenses
  • Legal costs such as:
    • in defense of your business
    • in settlement of cases
    • payment of damages
  • License fees
  • Lighting
  • Living quarters furnished to employees for business's benefit
  • Lobbying costs
  • Losses, deductible if connected with your business or profession such as:
    • abandoned property
    • accounts receivable
    • auto damage caused by fire, theft, heat, storm, etc.
    • bad debts
    • bank closed
    • bonds
    • buildings damaged
    • burglary
    • business ventures
    • capital assets
    • casualties for fire, theft, heat, storm, etc.
    • damages to property or assets
    • deposit forfeiture on purchase of property
    • drought
    • embezzlements
    • equipment abandoned
    • forced sale or exchange
    • foreclosures
    • forfeitures
    • freezing
    • goodwill
    • loans not collectible
    • theft
    • transactions entered into for profits

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