Licensed Software

Business website costs: How to handle them for tax purposes

Deductable Expenses, Income Tax, Section 179, Small Business, Tax Deduction, Website Development Tax Deductions / Douglas Freeman

The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs, and IRS guidance that applies to software costs, provide business taxpayers launching a website with some guidance as to […]

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How to treat your business website costs for tax purposes

Depreciation, Depreciation Deduction (Section 179), Federal Income Tax, Small Business, Tax Deduction, Website Development Tax Deductions / Douglas Freeman

These days, most businesses need a website to remain competitive. It’s an easy decision to set one up and maintain it. But determining the proper tax treatment for the costs involved in developing a website isn’t so easy. That’s because the IRS hasn’t released any official guidance on these costs yet. Consequently, you must apply

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