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dv2233
Level 1
posted
‎October 15, 2018 05:18 PM
last updated ‎November 08, 2018 1:51 PM

What expense category do Trademark registration fees fall under?

 
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Best answer October 15, 2018
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Rustler
Level 15
‎October 15, 2018 05:18 PM

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
Rustler
Level 15
‎October 15, 2018 05:18 PM

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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Not applicable
‎October 15, 2018 05:18 PM

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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Rustler
Level 15
‎October 15, 2018 05:18 PM

What expense category do Trademark registration fees fall under?

I would use legal expense
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BillM
Level 2
‎October 15, 2018 05:18 PM

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
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Bryan Reyes
Level 1
‎April 14, 2019 10:18 PM

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

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Bryan Reyes
Level 1
‎April 14, 2019 10:21 PM

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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