“Is it common to classify 83% of business expenses as ‘Other Deductibles’ on a tax form?”

It is generally not typical to categorize such a large proportion of business expenses as “Other Deductibles” on a tax form. Generally, most business expenses should be allocated to specific categories like rent, salaries, utilities, or advertising, which are commonly accepted expense categories. The “Other Deductibles” section is intended for expenses that do not neatly fit into predefined categories. Using it excessively may prompt scrutiny from tax authorities, as it can appear evasive or suggest misclassification. It’s advisable to ensure expenses are accurately categorized and reflect the true nature of the business activities. Consulting a tax professional is recommended to confirm compliance with tax regulations and optimize deductions legitimately.