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3 Replies Last post: Mar 27, 2008 2:59 PM by intechspecial

Start-up Costs & Taxes

Mar 27, 2008 1:03 PM

gtp1212 2 posts since
Mar 27, 2008

During the process of starting my new business I incurred start-up cost in 2007 but had not yet filed the papers establishing the business.

Are those costs or any portion of them deductable in my 2007 taxes?

Tags: start-, starting_a_new_business, taxes Report as inappropriate

LUCKIEST 7,935 posts since
Aug 6, 2007

1. Re: Start-up Costs & Taxes Mar 27, 2008 1:31 PM

Welcome to this web site Start-up Costs & Taxes, They could be.
tell us more. Who are you?? What kind of business?? and Where are you located??
Not that it answers your question.
Every body in business should have an Accountant, a Lawyer and maybe an Insurance agent.
Start-up Costs & Taxes. The BIGGER question is DID YOU HAVE INCOME in 2007??.
Tell us more, LUCKIEST

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gtp1212 2 posts since
Mar 27, 2008

2. Re: Start-up Costs & Taxes Mar 27, 2008 2:32 PM

in response to: LUCKIEST

The business is a nutrition counseling business. Working one on one with individuals looking to incorporate healthier eating habits, not diets, into their lives. Business will be based in North Carolina but will have clients in different states.

No income related to the business in 2007. Start-up costs associated with the business include, certifications, outside creative design costs, brochure printing, business cards etc...

I have a meeting with an accountant next week but want to go into the meeting prepared

Thanks

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intechspecial 1,457 posts since
Jan 6, 2008

3. Re: Start-up Costs & Taxes Mar 27, 2008 2:59 PM

in response to: gtp1212

Welcome to the community!

I am technology professional, not a tax expert, so I choose not to comment on this question.

Drop me an email if you would like to network.

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ForumsStarting a Business

This Question is Possibly Answered

Start-up Costs & Taxes

Mar 27, 2008 1:03 PM

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