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dv2233
October 16, 2018
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What expense category do Trademark registration fees fall under?

  • October 16, 2018
  • 1 reply
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Best answer by Rustler

It is not an expense.

create an asset account and book the costs to that asset account, create a sub account for accumulated depreciation.

It is what the IRS calls a section 197 intangible, and it is depreciated over 15 years.  There are exceptions (there always are with the IRS) if this purchase of a trademark is associated with the purchase of a franchise.

Item 11
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Intangibles



1 reply

Rustler
RustlerAnswer
October 16, 2018

It is not an expense.

create an asset account and book the costs to that asset account, create a sub account for accumulated depreciation.

It is what the IRS calls a section 197 intangible, and it is depreciated over 15 years.  There are exceptions (there always are with the IRS) if this purchase of a trademark is associated with the purchase of a franchise.

Item 11
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Intangibles



    U
    username215498
    October 16, 2018
    What about a trademark search. I paid an attorney $250 to do a comprehensive trademark search last week. If he finds no objections we will be filing for the trademark. My question is what account would I post the $250 trademark search under?
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