Are rebates tax deductible for businesses who issue them?

Answer this question

  • Are rebates tax deductible for businesses who issue them?


Answer #1 | 10/12 2013 14:39
No, they are a business expense (cost of goods sold).
Positive: 67 %
Answer #2 | 10/12 2013 17:09
Not really deductible at all but as some type of exclusion from income on a qualified business correctly completed 1040 federal income tax return during the tax filing season for this purpose and time. Hope that you find the above enclosed information useful. 12/10/2013
Positive: 61 %
Answer #3 | 10/12 2013 18:24
You count it as a business expense and record $100 in sales and $50 in marketing expenses.
Positive: 41 %
Answer #4 | 11/12 2013 07:16
No. It is subtracted from your income. Less income less taxes.
Positive: 9 %
Answer #5 | 11/12 2013 12:57
Refunds, rebates, and adjustments go at the top of the P&L Sheet. Gross Receipts Less Refunds, Adjustments, & Allowances Equal Gross Income These are not an expense as such, but a downward adjustment to income.
Positive: 10 %

Possible answer

A dozen deductions for your small business. ... Items such as computers, copiers, fax machines and scanners also are tax deductible. As with furniture, ...
Read more
Positive: 67 %
... employee and may be deductible to the business. ... tax issues are complicated ... and Tax Deductions; Employee Gifts ...
Read more
Positive: 62 %
Taxing Issues: Are MBA Expenses Tax Deductible? ... them for a new trade or business. ... Sloan Business School “Mr. Weinstein gave my tax ...
Read more
Positive: 48 %
Small Business Tax Deduction Strategies lays out 13 shrewd ... the company can deduct the entire cost of operating them. Deductible car expenses ...
Read more
Positive: 25 %

Show more results