Over the past few days I've been doing a lot of assessment of online stores. I mean, as an ecommerce professional, I must be up-to-date on the best practices in the industry. This has forced me to look closely at online shopping sites, take note of their merchandising strategies, evaluate the shopping experience, and audit their check-out process. In order to get a firm understanding of these best practices, I've been forced to browse, shop, and purchase at a number of sites.
This brings me to my question...since I've technically been making these purchases as part of professional research, can I create a $2000 line item on next year's tax return marked "professional research?"
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I would guess probably not. However, if you decide to go forward with this tax strategy, I will join you in writing off the countless dollars I've flushed down the booze drain in the name of dealing with work.
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