arketing is a necessary
expense in running A. Yellow Page Advertisements,
practically any business
and the IRS acknowledges as much. B. Business Cards,
You may run advertisements on or
in the Internet, radio, C. Advertisements in print media
television, magazines, newspapers such as newspapers,
and other media to sell your
products or services. You should D. Telemarketing,
be deducting all of the
associated costs on your tax E. Business Cards,
returns.
F. Web site costs including
Ordinary Marketing Expenses creation and maintenance,
Marketing costs must be "ordinary G. Costs for Advertisements on
and necessary" business expenses the Internet,
in order to be deductible. Put in
layman's terms, you marketing H. Billboards, and
must be reasonably related to the
promotion of your business and I. Graphic design costs.
the expense amount must be a
reasonable amount. Goodwill Marketing For Your
Business
Deductible Marketing Expenses
Marketing that is intended to
Common deductible marketing portray your business positively
expenses include the costs can be deducted. Such marketing
associated with the following creates a long-term potential for
items: business and, thus, falls within
the ordinary and normal contest.
requirements of the tax code.
Examples of such marketing As long as your marketing
include: expenses can be reasonably
related to the promotion of your
A. Sponsoring local youth sports business, you should be deducting
teams, said expenses from your gross
revenues. If you failed to claim
B. Distributing samples of your any such expenses on your tax
business product, and returns, your probably overpaid
your taxes.
C. Costs associated with prizes
offered by your business in a
About the Author:
Richard Chapo is CEO of http://www.businesstaxrecovery.com - Obtaining tax refunds for small businesses by finding overlooked tax deductions and credits through a free tax return review.
Source: www.isnare.com
