Expenses that are Not Tax Deductible

I’ve mentioned many times how to know which business expenses are deductible. You can refer to this IRS guide. You can also remember these two words: ordinary and necessary. For an expense to be tax deductible, it must be an expense incurred in the ordinary course of business and necessary to achieve your business goal. 

This month, I wanted to mention several expenses that many think are tax deductible but aren’t.