Tag Archives: advertising expense

Upgraded Automobile

Today TaxMama hears from Tiffany in Virginia, who’s trying… “ I am starting an LLC which is an online store selling automotive upgrades. I will be buying a car ($10,000) and upgrading it with mostly my own inventory ($20,000). My website address will be printed on the car and it will be taken to car […]

Professional Athletes

Today TaxMama hears from Kandi in Iowa, who asks, “Would a professional bodybuilder be allowed to deduct expenses associated with training/contest preparation? I was told they can deduct traveling expense and contest entry fees directly related to competition. What about supplements, training, posing suits, tanning and other miscellaneous expenses incurred to prepare for competition?”