Quote:
Originally Posted by Sliver
But it's a legitimate business expense. It's marketing. Surely I should be able to write-off my Google Adwords, my mail-outs, my boulevard sign, my on-hold message, etc., right? This is the exact same thing, but arguably with better results.
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It’s not always a legitimate business expense though. Buying advertising is clearly a business expense, buying tickets that you give to friends and family but write off as a business expense isn’t. Same goes for when they’re given to politicians.
If this small write off were taken away would it really make a significant impact on the businesses that use it legitimately? Does the benefit to those businesses outweigh the potential costs for fraudulent application of the tax code by the people who abuse it?