Page 115 - Small Business Taxes

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Claim a refund 53 Capitalized 16
A Club dues 47 F Carrying charge 25
A-Z Index for Business 50 Collection and enforcement Federal Relay Service 50 Deductible 15
actions 54
Advertising 46 Commitment fees 16 Fees: Forgone 17
Life insurance policies 16
Amortization: Compensation in excess of $1 Commitment 16
Anti-abuse rule 34 million 9 Legal and professional 48 Limitation 15
Not deductible 16
Anti-churning rules 33 Computer software 32 Regulatory 48
Atmospheric pollution control Constant-yield method, OID 16 Tax return preparation 48 Refunds of 17
facilities 35 Contested liability 7 Filing past due tax returns 53 When to deduct 17
Corporate organization costs 30 Contributions: Fines 48 Internet-related expenses 48
Dispositions of section 197 Charitable 47 Forgone interest 17 Interview expenses 48
intangibles 34 Form: IRS social media 51
Experimental costs 36 Political 49 3115 34 IRS Tax Professional
Geological and geophysical Copyrights 32 4562 29 Partners 51
costs 35 Cost depletion 37 IRS Video Portal 50
How to deduct 29 Cost of getting lease 12, 31 5213 7
8826 28, 29
Incorrect amount deducted 34 Cost of goods sold 3 T 41 K
Partnership organization Cost recovery 4 Franchise 32, 47 Key person 16
costs 30 Covenant not to compete 32 Kickbacks 47
Pollution control facilities 35 Credit card convenience fees 47 Fringe benefits 9
Reforestation costs 34
Reforestation expenses 27 D G L
Related person 33 De minimis OID 15 Gas wells 40 Leases:
Research costs 36 Debt-financed distribution 15 Geological and geophysical Canceling 11
Section 197 intangibles Definitions: costs: Cost of getting 12, 31
defined 31 Business bad debt 42 Development, oil and gas 35 Improvements by lessee 13
Starting a businesscosts 29 Necessary expense 3 Exploration, oil and gas 35 Leveraged 12
Startup costs 29 Ordinary expense 3 Geothermal wells 26, 40 Mineral 40
Anticipated liabilities 47 Section 197 intangibles 31 Gifts, nominal value 9 Oil and gas 40
Assistance (See Tax help) Demolition expenses 47 Going into business 4, 29 Sales distinguished 11
At-risk limits 6 Depletion: Goodwill 32 Taxes on 12
Attorney fees 48 Mineral property 37 Gross income, not-for-profit Legal and professional fees 48
Authorized IRS e-file activity 7 Letter 5071C 53
providers 51 Oil and gas wells 38 Licenses 32, 48
Awards 9 Timber 41 H Life insurance coverage 10
Who can claim 37 Limit on deductions 7
B Depreciation (See Cost recovery) Health plan 24 Line of credit 15
Heating equipment 5
Development costs, miners 27
Bad debts: Direct Pay 53 Home, business use of 5 Loans:
Defined 42 Dirty Dozen 54 Below-market 17
How to treat 43 Disabled, improvements for 28 I Discounted 17
Recovery 43 Drilling and development Loans or advances 10
Types of 42 costs 26 Identity theft 52 Lobbying expenses 48
When worthless 42 Dues, membership 47 Identity theft issues 52 Long-term care insurance 22
Bonuses: Impairment-related expenses 48 Losses 6, 7
Employee 9 E Improvements 5 At-risk limits 6
Royalties 40 e-File Form 940, 941, or 944 for By lessee 13 Net operating 6
Bribes 47 Small Businesses 50 For disabled and elderly 28 Passive activities 6
Business: e-News 51 Income Taxes 19 Low Income Taxpayer Clinics
Assets 4 Economic interest 37 Accrual of contested income (LITCs) 55
taxes 20
Books and records 32 Economic performance 6 Federal income taxes 19
Meal expenses 46 Education expenses 9, 47 Foreign income taxes 20 M
Use of car 6, 47 Elderly, improvements for 28 State and local income taxes 19 Machinery parts 5
Use of home 5 Electronic Federal Tax Payment Incorrect amount of amortization Making a tax payment 53
Business Services Online 50 System (EFTPS®) 53 deducted 34 Meals 44
Employee benefit programs 10 Independent Contractor Meals and entertainment 46
C Employer ID Numbers (EINs) 50 (Self-Employed) or Meals and lodging 10
Employee? 50
Campaign contribution 49 Employment taxes 20 Information Return Filing Methods of accounting 6
Capital expenses 4, 5 Employment Taxes 50 Requirements 50 Mining:
Capitalization of interest 16 Additional Medicare Tax 20 Insurance 24 Depletion 40
Car allowance 45 Self-employment tax: Capitalized premiums 24 Development costs 27
Car and truck expenses 47 Additional Medicare Tax 20 Deductible premiums 21 Exploration costs 26
Carrying charges 25 Unemployment fund 20 Nondeductible premiums 24 More than one health plan and
business 24
Charitable contributions 47 Entertainment 46 Intangible drilling costs 26 Mortgage 15
Checking amended return Entertainment expenses 10 Intangibles, amortization 31
status 53 Experimentation costs 25, 36 Moving expenses, machinery 48
Choosing a tax return Exploration costs 26 Interest:
Allocation of 14
preparer 51 N
Circulation costs, newspapers Below-market 17 Natural gas 40
and periodicals 27 Business expense for 13
Page 56 Publication 535 (2022)