Detailed text transcripts for TV channel - CNN - 20110301:14:41:00
For those who learn a living as elvis impersonators? yes, the costume is deductible. business expenses can take many forms. the case of a junk yard infested with rats and snakes and the owner deducted the cat food he put out every night to take care of the pests. criminals are supposed to report their income from illegal activities. irs publication 17 says it goes on form 1040, line 21. so criminal enterprises are allowed to deduct the cost of business expenses like buying gun is. >> a drug dealer should, under the regulations, report the cost of his intory, the drugs he is purchasing for rese...
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