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Are Outsourcing costs Tax Deductible?

April 26, 2017costs deductible outsourcing tax

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Are Outsourcing costs Tax Deductible?

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To be clear check with your Accountant, Tax Advisor or Attorney but The IRS tax code says you can deduct an expense as long as it is “ordinary and necessary.” According to the IRS, an ordinary expense is one that is “common and accepted in your trade or business.” A necessary expense is one that is “helpful and appropriate for your trade or business.”