IRS publication 535 is a general guide on deducting business expenses from your taxes. If you are not familiar with the general deduction rules, you may also find them in this publication for business owners. IRS publication 535 provides you with detailed information on what business related expenses can be deducted from your taxes and when such deduction can be done.
It also covers the size of possible deductions as well as the types of non-profit activities subjected for deduction. IRS publication 535 also provides you with information on certain limits on deductions. There are several categories in this section.
Another area of business related expenses covered by IRS publication 535 is deducting employee pay from your taxes. You can find rules and guidelines for making such decoctions in this publication. You can find there award, education and other employee related expenses subjected for deduction.
The document also covers possible deductions related to business rent and lease related expenses. Another subject covered by IRS publication 535 is deducting interest from your taxes. There are cases when you can do it and there are cases, when you cannot deduct interest from your business taxes. All the above listed information is covered in details with examples.