Brian sent in a question asking whether business start up expenses can be deducted. The answer is yes. The question is when. This year, up to $5,000 can be written off in the year you begin business with the remainder amortized (deducted) over the next 15 years. For more on this topic, go to www.wealthstrategyuproducts.com and sign up for our start up expense module under our Tax Products.

Warmest regards,

Tom