Question by : I started an online business in 2007 can the IRS deny my advertising deductions?
I started an online business in 2007 but because of the economy had a loss every year till 2010. Can the IRS deny my advertising deductions because of the profit motive issue? If so It would bankrupt me because I did least 50k in advertising each year.
Answer by Squeaky P
Depends on if they were reasonable. Slapping ads on your car and claiming your car will be denied and penalized
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