Does the IRS allow critique/review websites to claim products purchased for review as business expenses?
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I'm looking for the IRS references to whether or not websites that review products and services are allowed to claim the purchase of those products or services specifically for review as a business expense. Any information would be very helpful. Thank you!
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Answer:
Yes, if you must purchase the product to evaluate it, it is a cost of doing business. Just like fabulous vacations are a claimable expense for a travel writer/reviewer. If you are making enough money from this to be concerned with the tax issues, it is time to find a good CPA to help you out.
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