Can I Write This Off?

Can I write off coaching programs for business development?

TL;DR

Coaching programs for business development can be deductible if they are ordinary and necessary expenses for your business.

Detailed Answer

Expenses for coaching programs are deductible as business expenses if they are directly related to your trade or business and are considered ordinary (common and accepted in your field) and necessary (helpful and appropriate for your business). For example, a marketing consultant attending a coaching program to improve their client acquisition strategies could deduct the cost. However, if the coaching program is more personal development-oriented and not directly related to the business, it would not be deductible.

Where to Put It on the Tax Form

Schedule C (Form 1040), Line 27a for sole proprietors or the appropriate business expense line for other business entities.

Real World Example

A freelance graphic designer enrolls in a business development coaching program focused on enhancing client management and project pricing strategies. The cost of the program is deductible as it directly improves the designer's business operations.

Audit Risk & Documentation Tips

To minimize audit risk, keep detailed records of the coaching program, including invoices, course descriptions, and evidence of how it relates to your business. Maintain documentation showing the business purpose and any materials provided during the program.

IRS Reference

IRS Publication 535, Business Expenses

Relevant Industries

FreelancersSmall BusinessConsultantsEntrepreneurs

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Disclaimer: This is for informational purposes only and should not be construed as tax or legal advice. Always consult your tax advisor.

Page created on July 7, 2025

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