UtPoIT - Business Expenses and Capitalization

This course - one of our "Understanding the Principles of Individual Taxation" series - will go over the treatment of business expenses and capitalization of assets in regards to TY2026 law. This course will explain the difference between personal and business expenses, including their subsequent deductibility. While the specific focus is on the individual; the tenets of expense deductibility can apply in most cases to non-individual business returns (1065, 1120S, etc.) as well.