Finance

How to Avoid the Biggest Mistake on Your First Tax Return as an Entrepreneur

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Author, Attorney and CPA
Opinions expressed by Entrepreneur contributors are their own.

Starting a successful business is hard enough. Having to remember details for your first tax return adds to that stress. Accountant Mark Kohler says one of the most important things to do is to keep track of your startup costs. These include any expenses incurred before you start generating revenue. You’ll have to declare those expenses on your first return. If not, you lose the opportunity.

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