Can I deduct the LLC filing fees as a business startup expense?
No. Business startup costs are amortized over 5 years. Prorate your startup costs over 60 months, and take an expense every month for that amount.
There is case law somewhere that allows you to deduct your LLC startup fees if certain things exist. I deduct my startup fees. We are only talking about less than $100 though.
For more information on business startup costs, check IRS Publication 535, chapter 9.
No. Business startup costs are amortized over 5 years. Prorate your startup costs over 60 months, and take an expense every month for that amount.
There is case law somewhere that allows you to deduct your LLC startup fees if certain things exist. I deduct my startup fees. We are only talking about less than $100 though.
For more information on business startup costs, check IRS Publication 535, chapter 9.