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"if you buy something from Canada for your business" question genericaudioperson 06-08-2007
Posted by genericaudioperson on June 8, 2007, 7:54 pm
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 Hello,

If you bought something from Canada for your business like a fax
machine, can you simply put that on your corporate tax return for the
US they way you normally would as an expense, or does it change what
you have to do because it's from Canada?


Posted by Paul Thomas on June 9, 2007, 2:15 pm
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"genericaudioperson" wrote
> If you bought something from Canada for your business like a fax
> machine, can you simply put that on your corporate tax return for the
> US they way you normally would as an expense, or does it change what
> you have to do because it's from Canada?





If it's an ordinary and necessary expense for your business, it's an allowed
deduction regardless of where you buy it from.



--
Paul A. Thomas, CPA
Athens, Georgia




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