Page 60 - Small Business Taxes

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Publication 535 Schema: tipx Leadpct: 100% Pt. size: 8 (Init. & Date) _______
Cat. No. 15065Z Contents
Department Business Introduction . . . . . . . . . . . . . . . . . . 1
of the What's New for 2022 . . . . . . . . . . . . . 2
Treasury
Internal Expenses What's New for 2023 . . . . . . . . . . . . . 2
Revenue
Service Reminders . . . . . . . . . . . . . . . . . . . 2
Chapter 1. Deducting
For use in preparing Business Expenses . . . . . . . . . . 3
Chapter 2. Employees' Pay . . . . . . . . 8
2022 Returns
Chapter 3. Rent Expense . . . . . . . . 11
Chapter 4. Interest . . . . . . . . . . . . 13
Chapter 5. Taxes . . . . . . . . . . . . . 18

Chapter 6. Insurance . . . . . . . . . . . 21
Chapter 7. Costs You Can Deduct
or Capitalize . . . . . . . . . . . . . . 25
Chapter 8. Amortization . . . . . . . . . 29

Chapter 9. Depletion . . . . . . . . . . . 36
Chapter 10. Business Bad Debts . . . . 41
Chapter 11. Other Expenses . . . . . . 43

Chapter 12. How To Get Tax Help . . . 50
The Taxpayer Advocate Service
(TAS) Is Here To Help You . . . . . 54

Index . . . . . . . . . . . . . . . . . . . . . 56
Introduction

This publication discusses common business
expenses and explains what is and is not de-
ductible. The general rules for deducting busi-
ness expenses are discussed in the opening
chapter. The chapters that follow cover specific
expenses and list other publications and forms
you may need.
Note. Section references within this publica-
tion are to the Internal Revenue Code and regu-
lation references are to the Income Tax Regula-
tions under the Code.
Comments and suggestions. We welcome
your comments about this publication and your
suggestions for future editions.
You can send us comments through
IRS.gov/FormComments. Or you can write to
the Internal Revenue Service, Tax Forms and
Publications, 1111 Constitution Ave. NW,
IR-6526, Washington, DC 20224.
Although we cannot respond individually to
each comment received, we do appreciate your
feedback and will consider your comments and
suggestions as we revise our tax forms, instruc-
tions, and publications. Don’t send tax ques-
Get forms and other information faster and easier at: tions, tax returns, or payments to the above ad-
• IRS.gov (English) • IRS.gov/Korean (한국어) dress.
• IRS.gov/Spanish (Español) • IRS.gov/Russian (Pусский)
• IRS.gov/Chinese (中文) • IRS.gov/Vietnamese (Tiếng Việt) Getting answers to your tax questions.
If you have a tax question not answered by this

Feb 2, 2023