List of tax deductions for business

List of tax deductions for business - starting with L

• Lawsuit expenses
• Legal costs such as:
• in defense of your business
• in settlement of cases
• payment of damages
• License fees
• Lighting
• Living quarters furnished to employees for business's benefit
• Lobbying costs
• Losses, deductible if connected with your business or profession such as:
• abandoned property
• accounts receivable
• auto damage caused by fire, theft, heat, storm, etc.
• bad debts
• bank closed
• bonds
• buildings damaged
• burglary
• business ventures
• capital assets
• casualties for fire, theft, heat, storm, etc.
• damages to property or assets
• deposit forfeiture on purchase of property
• drought
• embezzlements
• equipment abandoned
• forced sale or exchange
• foreclosures
• forfeitures
• freezing
• goodwill
• loans not collectible
• theft
• transactions entered into for profits