Wednesday, March 30, 2011

Your Questions About Game Consoles Reviews

Sandy asks…Are products purchased for Product Reviews considered a business expense?I own an LLC that creates websites. I want to create a site that does product reviews. Can I write off the products I review (tech equipment, game consoles, purses, etc) as business expense?Editor answers:Yes, but with a couple of caveats.

First off you must be running an actual business with the intent of turing a profit. The IRS recognizes that start-ups may take a few years to start turning a profit

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