Those expenses would be considered start-up costs or organizational costs. While the IRS allows you to deduct up to $5000.00 of business start-up costs and $5000.00 of organizational costs, you would deduct those in the year you actually open your business.
The deduction is allowed if your total cost in each area is less than $50,000. If over $50,000 in either area the deduction is either limited or not allowed. If the deduction is not allowed or is limited, the remainder would be amortized over a period of 15 years.
Please
click here
for further information.