Tax Reform Proposal Would Slash Advertising Deductions
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Currently advertising is 100 percent deductible. However, advertising expenditures actually are not addressed in the current U.S. Code, but the IRS allows taxpayers to treat those expenditures as an ordinary and necessary business expense, which is deductible, according to the Tax Reform Act of 2014’s executive summary.
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Amanda L. Cole
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Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.
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