B
* Bad debts — if previously taken into income

* Baseball/softball/soccer team equipment for business publicity

* Board and room to employees:
a) All meals and lodging if for employees benefit
b) Temporary housing assignment

* Board meetings

* Bonuses as additional compensation to employees

* Bookkeeping services

* Building expenses, used for business, such as:
a) Repairs to building
b) Janitorial service
c) Painting
d) Interest on mortgage
e) Taxes on property
f) Water
g) Rubbish removal
h) Depreciation of building
i) Heating
j) Lighting
k) Landscaping

* Burglary losses not covered by insurance

* Business, cost of operating office

* Business taxes, except federal income taxes

C
* Cafeteria plan (requires written plan)

* Capital asset sale-losses

* Car and taxi fares

* Casualty damages, such as:
a) Bombardment 
b) Fire 
c) Storm 
d) Hurricane 
e) Drought 
f) Forest fire 
g) Freezing of property 
h) Impairment of collapse of property 
i) Ice 
j) Heat 
k) Wind 
l) Rain 

* Charitable contributions

* Checking

account bank charges

* Childcare (requires written plan)

* Children’s salaries

* Christmas present to employees, customers and prospects for advertising or publicity purposes, or goodwill, or if customary in the trade.

* Collection expenses including attorney’s fees

* Commissions on sales of securities by dealers in securities

* Commissions paid to agents

* Commissions paid to employees for business purposes

* Commissions paid to salespeople

* Condemnation expenses

* Contributions (deductible if made to organization founded for the following purpose, subject to some limitations):
a) Religious
b) Charitable
c) Scientific
d) Literary
e) Educational
f) Prevention of cruelty to children and animals

* Convention expenses, cost of attending conventions

* Cost of goods

* Credit report costs

Drew Miles is founder of financial education company Pathfinder Business Strategies, LLC. Formerly a New York attorney, he now specializes in tax saving strategies and entity structuring. Visit www.save10kintaxes.com to learn more.