Ch 14: Business Expenses, Deductions & Credits

About This Chapter

Work through this comprehensive study guide chapter to review tax-related business expenses, deductions and credits. Access these engaging lessons and self-assessments to brush up on tax concepts and prepare for upcoming exams.

Business Expenses, Deductions & Credits - Chapter Summary

This self-paced chapter includes short and informative lessons on various business expenses, deductions and credits. As you progress through the chapter, you'll review topics like IRC sections, the business debt reporting procedure, types of business tax credits and other business tax considerations. Reviewing this chapter can help you:

  • Evaluate tax considerations regarding employee and officer compensation
  • Summarize IRC Sections 179 and 199
  • Explain the reporting procedure for business debt and loss deductions
  • Compare types of business financial and operational expense deductions
  • Assess general business credit eligibility

Each lesson comes with a short quiz to help you reinforce your understanding of important tax terms. Take the chapter exam, and submit questions to our instructors if you need any extra help. The chapter is also available to study at a time that's convenient, and you can use computers or mobile devices to study.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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