are bankruptcy fees deductible
Are attorney fees for bankruptcy tax deductible??r=1254504423?
Only the portion, if any, that is for preparation of tax returns. To be deductible, attorney’s fees must be either for the preparation of tax returns or for services related to the production of taxable income. Fees for a bankruptcy are not for either of those services so they are not deductible.
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Administrative expenses of bankruptcy estate are deductible from gross income.: An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on January 1, 2002. The length of the article is 621 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitl… |
