TITLE

CHAPTER 14: More Deductions

AUTHOR(S)
Fishman, Stephen
PUB. DATE
December 2012
SOURCE
Tax Deductions for Professionals (9781413317664);12/1/2012, p323
SOURCE TYPE
Book
DOC. TYPE
Article
ABSTRACT
The article offers information on tax deduction in the U.S. It states that cost of advertising related to business is treated as operating expense and so is deductible. It mentions that companies deduct cost of website development and maintenance as advertising costs though tax experts feel that website development should be treated as capital expense. It highlights that debt where there is no chance to be repaid is deductible.
ACCESSION #
84924998

 

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