Counting Down to Tax Day: Business Tax Completion Checklist

Review "Tax Deductions from A to Z" and the commonly missed deductions articles to be sure you haven't missed anything. In particular, pay attention to:

• Business Startup Costs
  You may be eligible to deduct some of your business startup costs up to $5,000 and organizational costs up to $5,000 (for expenses after October 22, 2004). If your startup or organizational costs exceeded $50,000, your deduction may be limited.
  
  
• Disability Access Credits
  If you make improvements or remodel your business facility to accommodate customers and employees, you may be eligible for a deduction for these expenses. The annual limit for these deductions is $15,000.
  
  

• First, Have You Used the Correct Tax Return for Your Business?
• Have You Checked for Last-minute Tax Changes?
• Are You Taking All Possible Deductions and Credits?
• Do You Know How to File Online?
• Finally, Check Your Return for Errors