You can generally deduct as a business expense all interest you pay or accrue during the tax year on debts related to your trade or business. Interest relates to your trade or business if you use the proceeds of the loan for a trade or business expense.
Hardy Cognac. It was in 1863 that Anthony Hardy, a London gentleman, settled in Cognac and established himself in the business of high-quality wines and spirits. Five generations later, Hardy Cognac is known for its character and for the skills of its cellar masters, custodians of a heritage handed down forever.
Strictly speaking, any distilled spirit is an eau de vie. Cognac is an eau de vie made from wine; Calvados is an eau de vie made from cider. Scotch whisky is an eau de vie made from malted barley, and its name comes from the Gaelic word ''uisgebeatha,'' meaning -- you guessed it -- water of life.