Can I write-off a records storage company as part of the cost to my business on my taxes?

1 Answer

Answer :

Storage costs related to your business can be written off on your taxes. Storage costs include fees paid to storage services and companies.

Related questions

Description : A physical count of inventory is taken at the end of an accounting period under a periodic system in order to a. verify the accuracy of the accounting records. b. determine cost of goods ... period. c. determine the amount of inventory purchased during the period. d. calculate property taxes.

Last Answer : b. determine cost of goods sold for the period.

Description : A physical count of inventory is taken at the end of an accounting period under a perpetual system in order to a. verify the accuracy of the accounting records. b. determine cost of ... period. c. determine the amount of inventory purchased during the period. d. calculate property taxes.

Last Answer : a. verify the accuracy of the accounting records.

Description : If a stripper gets breast implants can she write it off on her taxes as a business expense?

Last Answer : I doubt it.

Description : whose scribes painted books and kept records of taxes -General Knowledge

Last Answer : Aztec's scribes painted books and kept records of taxes.

Description : Bill Gates resides in a 66,000 sq-ft mansion with 60 ft swimming pool and was assessed by _________ as $125 million and annual property taxes are $991,000. A. King County public records B. Forbes C. PCMag D. None of Above

Last Answer : ANSWER: A

Description : Bill Gates resides in a 66,000 sq-ft mansion with 60 ft swimming pool and was assessed by _________ as $125 million and annual property taxes are $991,000. A. King County public records B. Forbes C. PCMag D. None of Above

Last Answer : ANSWER: A

Description : How do I store vinyl records in a storage facility?

Last Answer : Heat will kill your 45s and 78s. a storage unit is not recommended unless they have a climate control unit installed.

Description : When steel almirahs, cabinets, cupboard or locker furnished with body locks (which are furnished by their manufacturer with duplicate keys) are supplied to any office, i.e. Post, Mail, Record or Divisional Office ... clerk and Stock clerk of divisional office. c) Both the A and B d) None of these

Last Answer : b) Head clerk and Stock clerk of divisional office.

Description : When steel almirahs, cabinets, cupboard or locker furnished with body locks (which are furnished by their manufacturer with duplicate keys) are supplied to any office, i.e. Post, Mail, Record or ... ) Post office at postmaster custody b) In circle office c) Divisional office d) None of these

Last Answer : c) Divisional office

Description : There arecertain packages that allow people to define data items, place these items in particular records, combine therecords into designated files and then manipulate and retrieve the storeddata. What arethey ... (DBMS) C. Batch processingsystem D. Data communication package E. None of the above

Last Answer : Database management system (DBMS)

Description : What kind of storage allows you to access the 125th record without having to read the 124 records in front of it?

Last Answer : Direct-access storage.

Description : Is it true that if you can't itemize on your taxes you can't write off charitable contributions?

Last Answer : Yes, this is true.

Description : Freelance graphic designers...what do you write-off on your taxes?

Last Answer : Internet connection (everyone's got to have one to do business). You can write off computers, cameras, milage, the price of the programs to do you designing. You can write off part of your ... of your apartment for only buisness, you could techinally subsidize part of your rent for your work area.

Description : How much money from junk car donations can I write off on my taxes?

Last Answer : The first thing you need to know is what price the person or the charity you donate the car sale it for. When you know the price you can write it off on you taxes. But if they don't sale the car you should evaluate the Market Value because IRS will evaluate it by Market value.

Description : Are you aware that digital company machines have records of everything copied on them?

Last Answer : Do you have a source of this information?

Description : A principal purpose of a letter of representation from management is to a. Remind management of its primary responsibility for financial statements. b. Serve as an introduction to company personnel and ... . d. Confirm in writing management's approval of limitations on the scope of the audit

Last Answer : Remind management of its primary responsibility for financial statements.

Description : A principal purpose of a letter of representation from management is to a. Serve as an introduction to company personnel and an authorization to examine the records. b. Discharge the auditor ... the scope of the audit. d. Remind management of its primary responsibility for financial statements.

Last Answer : Remind management of its primary responsibility for financial statements.

Description : After a business closes down, is it required to keep records?

Last Answer : I've been wondering that myself. I worked at Borders on and off for 10 years. Now that they are out of business, I often wonder what I'd have to do when writing a resume. What address and phone ... for contact? How long will they keep the records of my being there? I'll be watching this question.

Description : (i) A system of book-keeping which records only one aspect of business transactions and ignores other aspects.

Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i ... approximate or estimated values as on a particular date.

Description : The main objective of Bookkeeping is to keep permanent records of business transactions.

Last Answer : State whether the following statement are true or false with reason : The main objective ... is to keep permanent records of business transactions.

Description : i. Notice is a written summary of business transacted at a meeting. ii. Written communication provides permanent records.

Last Answer : State whether the following statements are True or False: i. Notice is a written summary of business ... . viii. A letter should have minimum folds.

Description : Which one of the following is not a part of the attest process? a. Evaluating evidence against objective criteria b. Gathering evidence about assertions c. Proving the accuracy of the books and records d. Communicating the conclusions reached

Last Answer : Proving the accuracy of the books and records

Description : What state do you pay taxes to if you work at home, but are employed by a company in another state?

Last Answer : The company address on your pay stub, is where you are taxed from if you get a W-2 at the end of the year. If you are a contractor and the 1099 form is the tax form issued by the company than it is where you work from ( Missouri ).

Description : Can a loan company take your taxes?

Last Answer : Yes - and no... Any money you owe to the taxman takes priority over any other creditor. However - if you're talking about a tax refund - yes they can !

Description : The purpose of strategic planning is to find ways in which of the company can best : 1. overcome losses 2. use its strengths to take advantage of attractive opportunities in the environment ... the expense of costly research and development while still getting the benefits 5. none of these

Last Answer : use its strengths to take advantage of attractive opportunities in the environment

Description : How do the official records of the British administration help historians to write about the last 250 years of Indian history? -Science

Last Answer : The British believed that the act of writing was important. Hence, they got written up every instruction, plan, policy decision, agreement, investigation, etc. They thought that once this ... the instructions and directives that were sent by officials at the top to the provincial administrators.

Description : Do I need to be worried about taxes/business license on my side projects?

Last Answer : answer:If you earn more than $600 from any one contract job, that company will be required by the IRS to issue you a 1099 and to report the income to the IRS. You will owe taxes on it. ... tax advisor may suggest another option such as an S corp.) You probably should have a local business license.

Description : Are indirect business taxes included in the measurement of GDP?

Last Answer : I'm pretty sure they aren't included at all, just like Government spending does not include benefit payments for GDP purposes. GDP is all about what an economy produces; things like taxes and food stamps ... what a country is producing. I'm still not 100% on that though, so you should verify it.

Description : My wife had a business last year. Should we still file our taxes jointly?

Last Answer : answer:How was the business organized? Did she draw a salary? The business may have to file its own return. I would bite the bullet and get professional help.

Description : Has anyone had to file taxes as a small business or partnership before?

Last Answer : I’ve been doing taxes for over 30 years, lots of partnerships, corps, etc. For a first timer, I would recomend taxcut

Description : Is there any way to estimate payroll taxes for a business?

Last Answer : Of course it can be calculated. It is the employees withholding + employer contribution + FICA + SS + unemployment. Knowing your rates, it can be calculated to the penny. It will usually be between 0% and 30% of total wages, depending on where the business is located & W-4 statements.

Description : I have a tourist visa in the USA I pay taxes in cr as an entrepreneur how can I pay taxes when I'm not working?

Last Answer : You should have suspended the trade.

Description : ARE THE TAXES A BUSINESS PAYS ON SUPPLIES, TRAINING , UTILIES ETC... CAN THAT BE USED AS TAXES PAID ON THE TAX FORMS?

Last Answer : Need Answer

Description : When it home or business property is sold who is responsible for calculating the taxes owed on the sale when a home or business property is sold who was responsible for calculating the taxes owed on?

Last Answer : Feel Free to Answer

Description : Does the money from small business grants need to be claimed on my taxes?

Last Answer : Yes, money from small business grants need to be claimed on your taxes. You can read more information at governmentgrant.com/state-grants/Arkansas

Description : Where can I get help for my tax questions for completing my business taxes and getting the most return from them?

Last Answer : You should seek the advice of a qualified CPA to get information on taxes. They will be able to provide you with advice and console on all tax issues.

Description : What are some ways for a small business owner to keep good track of taxes?

Last Answer : the owner must have a good accountant who takes the accounting to him or if he has a good handling of internet he can access on line to his statements of account by means of the page of the service of tributary administration

Description : taxes for LLC FORM 1065 requires a balance sheet. With rental real estate (some properties fully depreciated)as primary business, should the balance sheet carry the properties as book value or current market Are there limitations created by carrying low?

Last Answer : A balance sheet carries property at book value. Accounting rules do not let you mark up / mark down property as prices change. The exception to this is for real estate professionals who buy/sell ... fully depreciatied. Rest of question was cut off -- limitations created by carrying low ?????

Description : Does starting a new business help you with your tax refund when filing taxes.?

Last Answer : My best suggestion is to inform yourself with information from different resources concerning what starting a new business will do for your taxes. But to directly answer your question then yes, it will ... small business owner. Here is their website to learn about it. www.irs.gov/businesses/small/

Description : What taxes do I have to pay if I start my own small business?

Last Answer : In Canada you will have to pay provincial sales tax and also the GST. In some provinces this has been combined into the HST or Harmonized Sales Tax. The best plan is to contact the CRA through their website and find out what taxes need to be paid in your province.

Description : A multistage sales tax with credit for taxes paid on business purchases.

Last Answer : Ans. VAT

Description : Why are marketers interested in the level of disposable income ? 1. it accurately represents future buying power 2. it increases current buying power 3. it is what is left after taxes to buy ... . it is a ready source of buying power 5. it is essential for forecasting future business trends

Last Answer : it is a ready source of buying power

Description : 6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment ... . budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

Last Answer : c. budget surplus of $1000

Description : Why are marketers interested in the level of disposable income? A)it accurately represents future buying power B)it increases current buying power C)it is what is left after taxes to buy luxuries ... D)it is a ready source of buying power E)it is essential for forecasting future business trends

Last Answer : D)it is a ready source of buying power

Description : How much does it cost America to maintain physical (paper) medical records?

Last Answer : Digital storage of something as important as medical records would require a lot of hardware, constant upgrades, teams of technicians to make sure it all runs, backup tapes, software licensing, support subscriptions, and security. It has to be cost prohibitive to upgrade everything all at once.

Description : Mark the correct option relating to fee for obtain information under RTI act a) Rs 2/- per each page (A4/A3 size paper) created or copied b) Actual charge or cost price of a copy in large size paper ... records no fee for the first hour and a fee Rs5/- for each  subsequent hour  e) All the above

Last Answer : e) All the above

Description : Which of the following is a true statement about inventory systems? a. Periodic inventory systems require more detailed inventory records. b. Perpetual inventory systems require more detailed inventory ... perpetual system determines cost of goods sold only at the end of the accounting period.

Last Answer : b. Perpetual inventory systems require more detailed inventory records.

Description : Now that the lid is off the REAL reason Trump doesn’t want his taxes exposed, is anyone REALLY surprised?

Last Answer : I have seen nothing about his current tax situation. The info that was “released” today is old news. Trump went bankrupt several times 20–30 years ago if I remember correctly.

Description : Is the worst thing about taxes, knowing that you worked your ass off for that cash and know full well that some of it is going to strippers?

Last Answer : Links please?

Description : I throw litter out of my car on a regular basis,is this wrong seeing that i pay my taxes and part of my tax money goes to help keep the streets clean it also keeps people in work?

Last Answer : Yes. It’s wrong. The hospital also patches up people who have been shot. It doesn’t mean you should help keep them necessary.