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Level 1

What expense category do Trademark registration fees fall under?

 
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Best answer October 15, 2018

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Level 15

What expense category do Trademark registration fees fall under?

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




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6 Comments 6
Highlighted
Level 15

What expense category do Trademark registration fees fall under?

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




View solution in original post

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Not applicable

What expense category do Trademark registration fees fall under?

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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Level 15

What expense category do Trademark registration fees fall under?

I would use legal expense
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Level 2

What expense category do Trademark registration fees fall under?

Are you saying in your first answer that the $225 TEAS Plus fee is an asset?  If not, what "Registration Fee" are you referring too?  Thanks
Highlighted
Level 1

What expense category do Trademark registration fees fall under?

How about the cost incurred such as the cost of power of attorney and its attestation to authorize third party for the trademark search? Will it fall under legal fees as well? Thanks

Highlighted
Level 1

What expense category do Trademark registration fees fall under?

How about the cost of power of attorney and its attestation to authorize third party for the trademark search? Will it fall under legal fees as well? Thanks

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