Carrillos Income Tax & Insurance Self –Employed check List Common tax deductible expenses for a home based business (The business space does not have to be a full room, but it absolutely must be exclusive):   ____ Mortgage interest, real property taxes, PMI insurance ____ Utilities, such as natural gas, electric, propane ____ Trash service, pest control service ____ Home insurance ____ Regular maintenance of the home ____ Depreciation of the business part of the home ____maintenance of the home Vehicle Expenses ____Depreciation of the purchase cost of the vehicle ____Insurance ____Interest ____Auto license plate fees and taxes ____Oil changes and other regular maintenance ____Car washes ____Gasoline or other fuel ____Repairs Other Expenses ____ Advertising ____ Commissions paid ____ Contract Labor ____ Interest on a business loan ____ Parking and tolls for business travel ____ Equipment purchases ____ Accounting and legal fees for the business ____ Health insurance premiums ____ Office Supplies ____ Business liability insurance ____ Rent of business equipment ____ Rent or lease of storage facilities ____ Rent or lease of business space ____ Maintenance and repairs of equipment or business space ____ Shop supplies ____ Business property taxes ____ Business travel - hotel, parking, air and bus fares, taxis ____ Internet service ____ Web site hosting, design, and domain names ____ Cell Phones ____ Telephone, fax machine line ____ Long distance phone charges and phone cards for business calls ____ Books, newspapers, magazines for business purposes ____ Association and membership fees ____ Meals and entertainment ____ Utilities - Electric, heat, gas, etc ____ Cost of inventory items that sold (do not inc ____ Donated inventory ____ Merchant fees for your credit card sales ____ Bank service charges on your business accounts ____ Depreciation on the cost of furniture and equipment that you owned before you started the business, such as desks, computers, file cabinets, etc ____ Answering services ____ Postage and shipping ____ Education and seminars - must be related to your current business, not for a new career ____ Customer gifts ____ Software purchases ____ Software subscriptions, such as security software ____ Bank service charges