Can you please clarify this statement?"Startup costs can only be deducted in the year they were paid (for a cash basis business)."I had some costs that were inc...
The business itself was a Classifieds website that was professionally built and this is where the majority of costs were incurred.How would I classify this purc...
Thank you for the prompt response.I do have one question though.Do i still have to amortize the start up costs above $5,000 over 180 months if the business is n...