Question by rich_beasley: What is a direct or indirect expense as defined by the IRS? I’m sitting here working on my taxes and the IRS wants me to define direct and indirect expenses as related to mortgage interest and my home based business. The problem is that I can’t find the definitions anywhere. This is… Continue reading What is a direct or indirect expense as defined by the IRS?
Tag: expense
Should the shipping cost be calculated as part of the income or as a business expense?
Question by curiouscat: Should the shipping cost be calculated as part of the income or as a business expense? When filing taxes for an online business, should the shipping cost be calculated as part of the income or as a business expense? Thanks so much! Best answer: Answer by Spock (rhp)both … like this: the… Continue reading Should the shipping cost be calculated as part of the income or as a business expense?