A bill becomes law if signed by the President or if not signed within 10 days and Congress is in session. If Congress adjourns before the 10 days and the President has not signed the bill then it does not become law (Pocket Veto.)
Losses incurred from casualties and thefts during the administration of the estate can be deducted only if they have not been claimed on the federal estate tax return (Form 706). The personal representative must file a statement with the estate's income tax return waiving the deduction for estate tax purposes.
Home Office Deduction. If you have a brick-and-mortar business, you can always deduct expenses, such as utility bills. If you have a home office, you can also deduct a portion of your maintenance costs.The deduction for utility bills or any other recurring expense depends on the ratio of the size of the home office to your home.For instance, if your office takes up 5 percent of your home's square footage, you can deduct 5 percent of your utility bills.he deduction for utility bills or any other recurring expense depends on the ratio of the size of the home office to your home. For instance, if your office takes up 5 percent of your home's square footage, you can deduct 5 percent of your utility bills.