Bradford and Company, Inc.
Business Tax Deductions

 

 

Business Tax
Deductions

To 2027 and Beyond

 

 

 

 

W. Murray Bradford, CPA

 

 

 

 

For small and spouse-owned businesses (proprietorships, S Corporations, C corporations, partnerships, limited liability companies, 1099s, statutory employees)

 

 

 

 

Clarifying Taxes So You Take Control of Your Money

 

41st Edition

$995.00

 

Bradford and Company, Inc.

www.bradfordandcompany.com

 

 

 

 

Operations Center
4040 Civic Center Drive, Ste. 200
San Rafael, CA 94903
(415) 446-4340

Editorial
1701 Pennsylvania Ave., N.W., Ste. 300
Washington, DC 20036
(202) 652-2293

 

 

 

 

 

 

 

 

 

 

 

Copyright© 2025 by W. Murray Bradford, CPA

 

Individuals accessing this online resource can download MP3 files for personal use, print selected portions to consult with their tax advisors, and print any sections of the book for their own use.

 

Individuals are strictly prohibited from using any of the online resources for commercial purposes, including but not limited to reselling, redistributing, or repurposing the content for profit or business-related activities.

 

The publisher and speakers do not provide tax, legal, accounting, or other professional advice through this online resource, audio files, or videos. To ensure the correct application of the ideas presented, users must consult with their advisors before implementing any suggestions.

 

 

 

Table of Contents

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Collapse <b>Section 1 - Why You Need This Course and What You Can Expect</b>Section 1 - Why You Need This Course and What You Can Expect
Collapse <b>Section 2 - Travel Rule Basics and How to Put Them to Work for You</b>Section 2 - Travel Rule Basics and How to Put Them to Work for You
Section 3 - Paying Mom and Dad or Friends or Relatives for Business Lodging at Their Homes
Collapse <b>Section 4 - How to Treat Two Regular Places of Business</b>Section 4 - How to Treat Two Regular Places of Business
Collapse <b>Section 5 - Entertainment Not Subject to the 50 Percent Cut</b>Section 5 - Entertainment Not Subject to the 50 Percent Cut
Collapse <b>Section 6 - IRS Says TCJA Allows Client and Prospect Business Meal Deductions</b>Section 6 - IRS Says TCJA Allows Client and Prospect Business Meal Deductions
Collapse <b>Section 7 - Entertainment Deductions That Survived the TCJA</b>Section 7 - Entertainment Deductions That Survived the TCJA
Collapse <b>Section 8 - TCJA Tax Reform Increases the Tax Benefits of Employing Your Child</b>Section 8 - TCJA Tax Reform Increases the Tax Benefits of Employing Your Child
Collapse <b>Section 9 - New Law Makes Home Office Available to You</b>Section 9 - New Law Makes Home Office Available to You
Collapse <b>Section 10 - Putting the IRS Audit Manual’s Home-Office Section to Work for You</b>Section 10 - Putting the IRS Audit Manual’s Home-Office Section to Work for You
Section 11 - Why Incorporation Makes Your Home-Office Deduction Less Subject to an IRS Audit
Collapse <b>Section 12 - Use Net Square Footage to Increase Home-Office Deductions</b>Section 12 - Use Net Square Footage to Increase Home-Office Deductions
Collapse <b>Section 13 - Revenue Procedure Shows How Home Office Saves Extra Taxes with a 1031 Exchange</b>Section 13 - Revenue Procedure Shows How Home Office Saves Extra Taxes with a 1031 Exchange
Section 14 - Profit on Sale of Home with Office Sheltered by Exclusions
Collapse <b>Section 15 - Install a Section 105 Medical Plan Now</b>Section 15 - Install a Section 105 Medical Plan Now
Collapse <b>Section 16 - Court Case Shows How a Wife’s Business Covers the Husband with a Section 105 Medical Plan</b>Section 16 - Court Case Shows How a Wife’s Business Covers the Husband with a Section 105 Medical Plan
Collapse <b>Section 17 - Health Insurance for S Corporation Owners</b>Section 17 - Health Insurance for S Corporation Owners
Collapse <b>Section 18 - Pocket Self-Employment Taxes by Renting from Your Spouse</b>Section 18 - Pocket Self-Employment Taxes by Renting from Your Spouse
Collapse <b>Section 19 - Prepay Your Expenses</b>Section 19 - Prepay Your Expenses
Collapse <b>Section 20 - Tax Reform (TCJA) Expands Your Section 179 Deduction Privilege</b>Section 20 - Tax Reform (TCJA) Expands Your Section 179 Deduction Privilege
Collapse <b>Section 21 - Section 179 Recapture Problems Lurk in the Shadows</b>Section 21 - Section 179 Recapture Problems Lurk in the Shadows
Collapse <b>Section 22 - Add to Your Net Worth with Cost Segregation</b>Section 22 - Add to Your Net Worth with Cost Segregation
Collapse <b>Section 23 - Antiques Can Make Smart Assets for Your Business</b>Section 23 - Antiques Can Make Smart Assets for Your Business
Collapse <b>Section 24 - Should You Use IRS Mileage Rates or Actual Expenses?</b>Section 24 - Should You Use IRS Mileage Rates or Actual Expenses?
Collapse <b>Section 25 - TCJA Tax Reform Eliminates Tax Benefits of Business Vehicle Trade-Ins</b>Section 25 - TCJA Tax Reform Eliminates Tax Benefits of Business Vehicle Trade-Ins
Section 26 - What to Do When the Sale of Your Business Vehicle Would Produce a Loss Deduction
Collapse <b>Section 27 - To Buy or Lease Your Next Business Vehicle</b>Section 27 - To Buy or Lease Your Next Business Vehicle
Collapse <b>Section 28 - Building More Business Miles with Audit-Proof Records</b>Section 28 - Building More Business Miles with Audit-Proof Records
Collapse <b>Section 29 - Ouch! Vehicle Totaled! Tax Benefits to Know</b>Section 29 - Ouch! Vehicle Totaled! Tax Benefits to Know
Section 30 - Commission Rebate Deductions Allowed
Collapse <b>Section 31 - The TCJA Tax Reform Put Screws to Business Losses</b>Section 31 - The TCJA Tax Reform Put Screws to Business Losses
Collapse <b>Section 32 - Solo 401(k) Could Be the Perfect Retirement Plan</b>Section 32 - Solo 401(k) Could Be the Perfect Retirement Plan
Collapse <b>Section 33 - Tips for Building Audit-Proof Support</b>Section 33 - Tips for Building Audit-Proof Support
Collapse <b>Section 34 - Choosing the Right Business Entity Can Be Critical to Your Business Health</b>Section 34 - Choosing the Right Business Entity Can Be Critical to Your Business Health
Collapse <b>Section 35 - Single-Member Limited Liability Companies (LLCs) Are Simple to Operate</b>Section 35 - Single-Member Limited Liability Companies (LLCs) Are Simple to Operate
Collapse <b>Section 36 - The S Corporation</b>Section 36 - The S Corporation
Collapse <b>Section 37 - The Small-Business C Corporation and the New 21 Percent Corporate Tax Rate</b>Section 37 - The Small-Business C Corporation and the New 21 Percent Corporate Tax Rate
Collapse <b>Section 38 - TCJA Tax Reform Doubles Down on S Corporation Reasonable Compensation</b>Section 38 - TCJA Tax Reform Doubles Down on S Corporation Reasonable Compensation
Collapse <b>Section 39 - Corporation Must Earn the Income; Assignment of Income Fails</b>Section 39 - Corporation Must Earn the Income; Assignment of Income Fails
Collapse <b>Section 40 - TCJA Tax Reform Creates Big Hazard in Loans to Your Corporation</b>Section 40 - TCJA Tax Reform Creates Big Hazard in Loans to Your Corporation
Collapse <b>Section 41 - TCJA Tax Reform Makes Corporate Reimbursement of Owner-Employee Expenses Critical</b>Section 41 - TCJA Tax Reform Makes Corporate Reimbursement of Owner-Employee Expenses Critical
Collapse <b>Section 42 - Tax Tips to Save Your Social Security Benefits</b>Section 42 - Tax Tips to Save Your Social Security Benefits
Collapse <b>Section 43 - Avoiding and Coping with the Dreaded IRS</b>Section 43 - Avoiding and Coping with the Dreaded IRS
Collapse <b>Section 44 - IRS Makes Deducting Start-Up Expenses Easier</b>Section 44 - IRS Makes Deducting Start-Up Expenses Easier
Collapse <b>Section 45 - TCJA Tax Reform: Wow, New 20 Percent Deduction for Business Income</b>Section 45 - TCJA Tax Reform: Wow, New 20 Percent Deduction for Business Income
Collapse <b>Section 46 - New IRS 199A Regulations Benefit Out-of-Favor Service Businesses</b>Section 46 - New IRS 199A Regulations Benefit Out-of-Favor Service Businesses
Collapse <b>Section 47 - TCJA Tax Reform Creates an Unfounded Desire for the C Corporation</b>Section 47 - TCJA Tax Reform Creates an Unfounded Desire for the C Corporation
Collapse <b>Section 48 - Answers to Questions</b>Section 48 - Answers to Questions