Business Expense Tax Treatment Categories
Understand the general categories for how business expenses are treated for US federal income tax purposes. Use this guide to help classify your own expenses in the next tab.
Disclaimer: This guide provides general information based on common tax principles. It is not exhaustive and does not cover all possible expense types or specific tax situations. Actual tax treatment depends on specific facts, current tax laws, and IRS regulations. Consult a qualified tax professional for advice specific to your business and expenses. This tool is for educational and organizational purposes only and does not constitute tax advice.
Classify Your Expenses
Enter your business expenses and assign them to the tax treatment category you believe applies based on the guide. This is for organization ONLY and does NOT determine tax deductibility.
Disclaimer: This tool is for informational and organizational purposes only. It relies on your classification of expenses based on the provided guide. It does **NOT** provide tax advice, determine the actual tax treatment (deductibility, capitalization, etc.) of any expense, or guarantee tax compliance. Consult with a qualified tax professional for advice specific to your business and expenses. Using this tool does not guarantee tax compliance.
Classified Expenses Summary Report
Add and classify your expenses in the "Classify Expenses" tab to see the report.
Disclaimer: This report summarizes expenses based on the categories you assigned. It is for organizational purposes only and is **NOT** a tax report or a determination of tax deductibility. Consult with a qualified tax professional for advice specific to your business and expenses. Tax laws change frequently.