Military Tax Tips

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Part of the video series: Tips for Filing Taxes

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Summary: In the armed services? Get tips for understanding the tax you have to pay as a member of the military in this free video clip about business tax deductions.

Views: 681 | Tags: file, rules, service, filing, internal, taxes, irs, tax, deductions, deductibles, revenue, audit

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About the Expert

Tom Choisnet Tom Choisnet was born, raised, and educated in San
Bernardino, California where he has his practice today. He has been in self-employed tax practice fo... read more

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Video Transcript

Military Tax Tips

Hi, it's Tom Choisnet, enrolled agent again. We are going to talk about the generalities of business expenses because it can help you expand your thinking as to what might be deductible for you. The definition of business expenses, the key is ordinary and necessary as to the facts and circumstances regarding your business, those items that are appropriate and customary and usual to your business. They even add in the other term common and accepted so just about anything that you spend that you do for your business is probably going to be deductible. There are a lot of restrictions in different areas of the law, but in gathering your material, be liberal with yourself, we will tell you what you can't do. Thank you, Tom Choisnet.