Tax Refunds on Wire Transfers - US Tax Laws

TheLegacy · 01-31-2006

talking to someone now who is receiving money from a USA based company and they are in canada. The cost of wiring money has forced the us company to stop sending wires and wishes to send cheques. I am attempting to help this person out by showing the us company that wire transfers are tax deductible but do not have any information or law that i can prove it.

can someone help me out?

Winetalk.com · 01-31-2006

wires are tax deductible?
the wire fees or the reciepts?

TheEnforcer · 01-31-2006

I would think that would be just like any other business expense and be tax deductible just as the cost of postage and such is as a part of your business.

TheEnforcer · 01-31-2006

http://www.inc.com/articles/2003/02/25168.html

More Easily Overlooked Business Expenses
Here are some additional routine deductions that many business owners miss. Keep your eye out for them. audio -- and videotapes related to business skills
bank service charges
business association dues
business gifts
business-related magazines and books
casual labor and tips
casualty and theft losses
coffee and beverage service
commissions
consultant fees
credit bureau fees
office supplies
online computer services related to business
parking and meters
petty cash funds
postage
promotion and publicity
seminars and trade shows
taxi and bus fare
telephone calls away from the business

TheLegacy · 01-31-2006

http://www.nfib.com/object/IO_20705.html

has it there - though not sure if people see it as meaningful to claim for taxes.. its a matter of what comes in .. what goes out. and damn the tax

01-31-2006	#1
TheLegacy On InterPol's Wanted List Join Date: Dec 2004 Location: Brantford, Ontario Posts: 120	Tax Refunds on Wire Transfers - US Tax Laws talking to someone now who is receiving money from a USA based company and they are in canada. The cost of wiring money has forced the us company to stop sending wires and wishes to send cheques. I am attempting to help this person out by showing the us company that wire transfers are tax deductible but do not have any information or law that i can prove it. can someone help me out? __________________ Robert "TheLegacy" Warren Chief of Marketing and SEO Skype: robjameswarren

01-31-2006	#2
Winetalk.com Prostate Examiner I quoff fine wine at corkd.com Join Date: Oct 2002 Location: good 'ole USA Posts: 21,018	Re: Tax Refunds on Wire Transfers - US Tax Laws wires are tax deductible? the wire fees or the reciepts? __________________ why dogs sniff each other butts?

01-31-2006	#3
TheEnforcer Scored VIP to Anton's Piss Tank Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,781	Re: Tax Refunds on Wire Transfers - US Tax Laws I would think that would be just like any other business expense and be tax deductible just as the cost of postage and such is as a part of your business.

01-31-2006	#4
TheEnforcer Scored VIP to Anton's Piss Tank Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,781	Re: Tax Refunds on Wire Transfers - US Tax Laws http://www.inc.com/articles/2003/02/25168.html More Easily Overlooked Business Expenses Here are some additional routine deductions that many business owners miss. Keep your eye out for them. audio -- and videotapes related to business skills bank service charges business association dues business gifts business-related magazines and books casual labor and tips casualty and theft losses coffee and beverage service commissions consultant fees credit bureau fees office supplies online computer services related to business parking and meters petty cash funds postage promotion and publicity seminars and trade shows taxi and bus fare telephone calls away from the business

01-31-2006	#5
TheLegacy On InterPol's Wanted List Join Date: Dec 2004 Location: Brantford, Ontario Posts: 120	Re: Tax Refunds on Wire Transfers - US Tax Laws http://www.nfib.com/object/IO_20705.html has it there - though not sure if people see it as meaningful to claim for taxes.. its a matter of what comes in .. what goes out. and damn the tax __________________ Robert "TheLegacy" Warren Chief of Marketing and SEO Skype: robjameswarren