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Here’s How Businesses Can Deduct Startup Costs from Their Federal Taxes
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Here’s How Businesses Can Deduct Startup Costs from Their Federal Taxes

Corporate Taxes, IRS, Planning Strategies, Self-Employed, Small Business, Tax Deductions, Tax Tips, Taxes

Here’s How Businesses Can Deduct Startup Costs from Their Federal Taxes

This article was published by the IRS. When starting a business, owners should treat all eligible costs incurred before beginning to operate the business as capital expenditures that are part of their basis in the business. Generally, the business can recover costs for assets through depreciation deductions. For costs paid or incurred after September 8, 2008, [...]

cozbycpa2022-10-26T12:06:59-04:00October 26th, 2022|Categories: Corporate Taxes, IRS, Planning Strategies, Self-Employed, Small Business, Tax Deductions, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, how can businesses deduct start-up costs from their federal taxes, how to purchase an active trade or business, tax accountants in Plymouth MA, which organizational costs can a business deduct, which start-up costs are not deductible, which start-up costs can a business deduct, which start-up costs qualify as deductible|