Reading Time: 7 minutes The deductibility of legal fees is a topic of much discussion among tax professionals. In general, legal fees are tax deductible if they are associated…
Reading Time: 5 minutes What is a Schedule A? A Schedule A is a document that sets out the fees a lawyer will charge for their services. The document…
Reading Time: 8 minutes Taxpayers can deduct certain legal expenses on their federal income taxes. To qualify for the deduction, the legal expenses must be related to producing or…
Reading Time: 6 minutes Yes, you can deduct legal fees on your taxes. Under IRS section 162, you can deduct fees that were paid for the production of income.…