Starting Your Business

What are Business Expenses

Licenses

Licenses and regulatory fees for your trade or business paid each year to state or local governments generally are deductible. Some licenses and fees may have to be amortized. See Publication 535 for more information.

 

Important References:

Publication 535                   Business Expenses
Schedule C (Form 1040)     Profit or Loss from Business
Instructions for Schedule C (Form 1040)