Tax deduction – Elite CPA Tax

Are some of your deductions dying?

By elitecpas | January 5, 2017 |

Here are some popular deductions that will die on 12/31/16

Can you deduct the cost of a Skybox used for business entertainment?

By elitecpas | February 21, 2014 |

The answer is yes – for the most part. Here’s a letter we wrote to a client explaning how this works. Dear [name redacted] You’ve asked us to review the tax limitations on deducting the expenses of renting a skybox or other private luxury box at a sporting event. Skybox rentals are subject to…

More tax deductions that you may have missed

By elitecpas | September 9, 2013 |

Since our first post on deductions that you may have missed, several more items have come to mind that we find clients tend to forget or just don’t know that they’re existent. Most clients either volunteer for some charity work, serve on the boards of private or public foundations, help out at a shelter,…