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You: “It’s a business expense.” Me: “...is it though?” 😅 The IRS rule (section 162) says: You can deduct all ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business. But what counts as ordinary and necessary isn’t always clear! Ordinary = Common or customary in your trade/industry Necessary = Helpful and appropriate for your business. The biggest takeaway? ALWAYS keep records and receipts! Let’s make sure you’re not missing deductions or ris
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