Tag's: Accrue Inventory

End of Year Tax Planning: Overlooked Deductions (Part 2)

[Transcription] Welcome to part two of Overlooked Deductions. Today, I'm talking specifically about worthless inventory. Now, what is worthless inventory? So, let's say you have a business of buy and selling products. You buy something to sell it. When you buy this product for resale, that part is called inventory. Now, sometimes you might think product A might sell, and so you buy tons of product A. And you put
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