7 replies
If I purchase various books on my subject matter, to research it, for my content site, do those count as business expenses?
#question #taxes
  • Profile picture of the author TheRealRazzy
    If it's for your business then the answer is Yes.

    If the books were over $70 then save your receipts because you'll need them for the tax man to show as write offs.
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  • Profile picture of the author Tanya Ortiz
    Yes as long as you have a legit and viable business to write off!
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    • Profile picture of the author ActionToCash
      My advice is for entertainment purposes only and should not be construed as advice - you should always seek the advice of a qualified professional in taxation.

      Now that I got that out of the way, I suggest you look into the laws for the various entity structures (i.e. sold proprietor, LLC, corporporation etc) to know which ones allow you to claim various types of deductions. You can usually find such information in a book about how to incorporate your business - there are a lot of little work book style publications you can get at the local book store, or on Amazon etc that discuss deductions etc. I would get one that is fairly current though as laws change occasionally.

      For the business entity that I use in the state I live in I claim all training expenses which are related to my business since they are legitimately used for the purpose of business & not entertainment etc.

      If the business structure you use allows you to make such deductions for education, one of the tests you can do is ask yourself if the purchase you are making would be something you would feel comfortable discussing with an IRS auditor without sounding questionable.

      Also, a great way to get a question answered is to call a few CPA offices and ask them. Or ask if you can have your first consultation for free, which is exactly what I did and still use the CPA today. I had several say no before I got to my yes, but it looks like it was worth their time since I use them for my accounting needs.

      Sorry I can't be more specific, but it really is a great question as so many people offer illegal advice without knowing, or don't think about legal considerations as it pertains to their marketing efforts, which can land them in hot water for 'not thinking it's a big deal' etc..

      Best wishes,

      Randall
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      Happy Marketing!!!

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  • Profile picture of the author timpears
    I have always used training materials, seminar expenses etc. as deductions when they are in support of my business. I don't see any reason you can't do the same. But don't take this as legal or CPA advice as I am neither. This is just letting you know of my previous experience.
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    Tim Pears

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  • Profile picture of the author SuperKC
    Yep.. write off everything including your gambling.. as long as its somehow productive to your business.
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  • Profile picture of the author Karry
    You can call the IRS to get the answer to your question at 1-800-829-4933 Mondays through Fridays 7 a.m. to 7 p.m. your local time.
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  • Profile picture of the author LimitlessTraffic
    I would definitely claim that as business purposes, that's if you have a legitimate business
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