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Starting Your Business/Keeping Records You generally can deduct reasonable advertising expenses if theyrelate to your business activities. Generally, you cannot deduct the cost of advertisingto influence legislation. Naxos accommodationYou can usually deduct as a business expense the cost ofinstitutional or "good will" advertising to keep your name before the public ifit relates to business you reasonably expect to gain in the future. For example, the costof advertising that encourages people to contribute to the Red Cross, to buy U.S. SavingBonds, or to participate in similar causes is usually deductible. You can deductreasonable advertising expenses if they relate to your business activities. Important References: Publication 535 Business Expenses |