investing activities

What Is a Write-Off? Definition and Examples for Small Business

A Write-off is an operational expense that is deduces for tax purposes. Anything you purchase for running a business profit is ‘expenses.’ For decreasing the total taxable revenue, you need to deduct the cost of these items from the income.  According to the IRS, write-offs include: This article covers:  What Is a Write-Off?  A Write-off