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
Taxes Taxes website provides general tax information only. We are in no
way affiliated with the IRS or other government tax agencies. For your specific situations regarding
specific tax laws or tax filing, please consult your tax advisors or the IRS.
