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Collective Bargaining Agreement

$598-$2990

Can You Write Off Collective Bargaining Agreement?

Short answer: Collective Bargaining Agreement — Legacy Business Operations for Baby Boomer business owners

Traditional business operations expenses including equipment, maintenance, and facilities costs are deductible as ordinary business expenses under IRC §162. Manufacturing equipment can be depreciated or expensed under Section 179. Commercial property expenses including maintenance and repairs are deductible. Long-term contracts and supplier relationships are ordinary business expenses. Professional association dues and board service may be deductible. Proper documentation is required.

Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.