Tax Refunds on Wire Transfers - US Tax Laws

[TheLegacy]

talking to someone now who is receiving money from a USA based company and they are in canada. The cost of wiring money has forced the us company to stop sending wires and wishes to send cheques. I am attempting to help this person out by showing the us company that wire transfers are tax deductible but do not have any information or law that i can prove it.

can someone help me out?

[Winetalk.com]

wires are tax deductible?
the wire fees or the reciepts?

[TheEnforcer]

I would think that would be just like any other business expense and be tax deductible just as the cost of postage and such is as a part of your business.

[TheEnforcer]

http://www.inc.com/articles/2003/02/25168.html

More Easily Overlooked Business Expenses
Here are some additional routine deductions that many business owners miss. Keep your eye out for them. audio -- and videotapes related to business skills
bank service charges
business association dues
business gifts
business-related magazines and books
casual labor and tips
casualty and theft losses
coffee and beverage service
commissions
consultant fees
credit bureau fees
office supplies
online computer services related to business
parking and meters
petty cash funds
postage
promotion and publicity
seminars and trade shows
taxi and bus fare
telephone calls away from the business

[TheLegacy]

http://www.nfib.com/object/IO_20705.html

has it there - though not sure if people see it as meaningful to claim for taxes.. its a matter of what comes in .. what goes out. and damn the tax