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| *Loan,banking and credit>>>tax attorney |
Can i file attorney fees as a business tax deduction? |
Can i file attorney fees as a business tax deduction? In general, attorney fees paid by a business for legitimate business purposes would be an allowed deductible expense. If these expenses were incurred before the business was actually earning income, then you will probably have to amortize the expenses. Examples of allowed attorney fees would be those used to get an eviction or recover bad debt. Having an attorney draft LLC articles of organization is an example of fees that must be amortized. Attorney fees to get a divorce would be an example of personal attorney expenses that cannot be deducted. I don't believe so. You can file accountant's fees if they were part of your tax return preparation. If you consulted the attorney on a business matter the fees can be deducted from any income you made in the venture. is the attorney fee related to your business? if it is, it is deductible on your Sched C (if sole proprietorship) line 17.. |
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