Capitalize Domain Name Purchase. 29 will apply to the cost of the domain name allowing the tax treatment to follow the accounting treatment with a deduction for depreciation if appropriate. Buy a domain name while choosing from all of the most popular top level domains TLDs and over 25 country code top level domains ccTLDs.
If these means you have to rewrite a sentence to avoid having a domain name at the beginning do so. It could be your business name or your specialty. However if anyone types your domain in all lowercase theyll get there just fine.
29 will apply to the cost of the domain name allowing the tax treatment to follow the accounting treatment with a deduction for depreciation if appropriate.
The CCA addresses the acquisition of generic and non-generic domain names both in transactions that constitute the acquisition of a trade or business and in transactions that do not ie. Essentially the IRS determined that the costs of acquiring domain names are to be capitalized under Sec. Buy a domain name while choosing from all of the most popular top level domains TLDs and over 25 country code top level domains ccTLDs. Their view is that the domain name is an intangible asset and the cost is not eligible for capital allowances.