Starting Your Business
What are Business Expenses
Amortization
You may be able to amortize and deduct
each year a part of certain capital expenses.
The kinds of business expenses which can be amortized
are:
- Start up costs
- Organizational costs of corporations
and partnerships
- Section 197 Intangibles (goodwill, going
concern value, workforce in place, patents, franchises,
covenant
not to compete, etc.)
- Reforestation
- Getting a lease
How
to Deduct Amortization
Important References:
Publication
535
Business Expenses
Form
4562
Depreciation and Amortization
Instructions
for 4562
Schedule C (Form 1040) Profit or Loss
from Business
Instructions for Schedule C (Form 1040)
