5/6/2014

There are certain business expenses that the law won't allow you to deduct on your tax return, writes attorney Barbara Weltman. Don't try to deduct the cost of paying fines or penalties, and remember that there are limits on the deductions you can claim for food and entertainment. "Costs you incur to wine and dine clients, customers, vendors, and other business associates are only half deductible," Weltman writes.

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