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Therefore, to obtain the best tax treatment, taxpayers must time their expenditures and document how proceeds are spent.

When entertaining clients or traveling on business, you may be eligible for Federal income tax deductions on a portion of your expenses that are not reimbursed by an employer.

Businesses are permitted to deduct a wide range of expenses, but many small business owners may be unaware of the full range of the deductions they are entitled to claim.

If you use your car for business, you may be entitled to some tax deductions if you meet certain rules and limitations.