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dionwisn

L.L.C. Tax limitations

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New to REI wanted to know what limitations i should be aware of while doing business. Can i write off gas mileage. How can i monitor this and is it a waste of time. Aslo anything that has an expendable life of less than a year can also be written off if im certain. What other expenses should i be aware of that i can write off as an expense. What document is this recorded on 1040c ?

-dion-

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Your question is way to broad and there are too many variables to give you a useful response.

 

I think the CPA that helped you establish your LLC is in the best position to address your questions.

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