Each month focuses on a different tax topic from Travel and Other Business Expenses in April to Tips on Wage Reporting in December.

FORBES: IRS Announces Tax Calendars Available (Sort of)

He also proposes immediate expensing for capital investment, which means that capital costs can be deducted in the year they are incurred, like all other business expenses, rather than spread over many years under arbitrary depreciation schedules.

FORBES: Magazine Article

For professional gamblers, the winnings, losses, and other associated expenses of the business are reported on Schedule C.

FORBES: Former San Diego Mayor Gambles Away $1 Billion; What Are The Tax Implications?

While donating money is one way to provide that kind of support, the IRS actually allows a business to deduct other contributions such as donations of property, business inventory and even any expenses you incur from volunteering your time.

FORBES: How Your Business Can Give Back And Win Customers

The company said the actions are in addition to the ongoing cost reduction initiatives previously announced, which include a hiring freeze, business travel restrictions and other reductions in its operating expenses.

FORBES: Magazine Article