What is a contractal write off?

write-offn. Accounting. ## A cancellation of an item in account books. # The amount canceled or lost. A reduction or depreciation of the entered value of an item. Above retrieved from Answers.com...

I think you have to die!

In the United States of America, with our more or less voluntary tax system, as general rule, ordinary business expenses associated with an investment may be taken against income, for purposes of...

There are certain circumstances under which you will be able to to write off the tools. (Basically, in order to deduct them as a business expense, you have to actually use them for business. For...