Thinking of starting a business?

by R. Kenner French

Yes, that is deductible.

Are you thinking about starting a new business? If so, congratulations.

It can, and probably will, be an exciting ride. But like many other exciting rides starting or buying your own business can be fraught with dangers, not the least of which are potential tax pitfalls.

In one recent case, a decorated ex–Air Force pilot sought to start an aviation business. She hoped to offer aerial land surveys, photography, and flight charters, along with the…