Business Privilege Tax and Net Profits Tax

[MARYMCD]

Can a Schedule C filer deduct the Business Privilege Tax and Net Profits paid to the city/local government?

[veritas]

I would deduct ther business privelege tax since it sounds ordinairy and necessary. Local tax is probably sch a.

[veritas]

Let me see government gives you the privelege to pay them taxes and charges you for it?

[Matt Sova]

Sch C taxes

All state an local taxes that are charged to the business are deductible on the Schedule C.

Matt