Can You Write Off Leads?

[winnersgetdinners]

Just wondering, I have a W2 with a captive and want to know if I can write these off. I have never done my own taxes so your input is appreciated.

 

[Vikings28]

yes of course..its an advertising expense

 

[pcbinsurance]

It's a business expense but he needs to ask his tax guy or gal if he can write lead expenses off as a W2 captive agent.
I'm not sure why anyone would ask a tax related question here anyway when all they need to do is pick up the phone and call their tax guy.

 

[Vikings28]

oh boy...getting snippy! lolol must be still angry as to how in the world the blues lost to the kings again!

 

[pcbinsurance]

Didn't mean to come off snippy and damn right I'm upset about my Blues.

(By the way, how did the Wild do this year?)

 

[Vikings28]

hahaha no im just kidding you are 100% right. this was not the place for the post. i just had to say something after i saw the blues logo. im in chicago, my wife is a blue's fan, our dog's name is actually OSHIE hahaha. im an...islanders fan.....

 

[VolAgent]

Yes you can write off leads as a W2. The question is, are you a statutory employee or a true W2? That will make a difference on how you write them off.

Consult your tax advisor before making any decision.

 

[pcbinsurance]

Wow, lots of variety there. You're "flag" says you live in Minnesota!
Kudos to your wife and hope she's also a Cardinal baseball fan.
My apologies to you if you're a Cub fan.
Love the dog name!
Have a Happy Memorial Day!

 

[Crabcake Johnny]

You couldn't come to a better place for insurance, marketing, SEO and website advice but do NOT get tax advice from any forum.

Call your CPA or call the IRS - it's a free call.

 

[houcoogster]

That's about all you can write off of them