Monday, June 27, 2011
Can You Deduct Legal Fees for Wills and Estate Planning?
It seems like you should be able to doesn't it, but there is a catch. You can only deduct them if the fees relate to tax matters. Ask the attorney to break out the tax advice part of the bill on his invoice and then you can deduct that portion. The general rule is that you can deduct legal expenses paid in connection with the determination, collection or refund of any tax or in the production or collection of taxable income.
Subscribe to:
Post Comments (Atom)
Can I recently say thats a relief to uncover somebody who actually knows what theyre preaching about over the internet. You actually learn how to bring a problem to light and work out it critical. The diet need to read this and understand why side of your story. I cant think youre less well-known since you absolutely provide the gift. eliaandponto.com
ReplyDeleteThanks for all your valuable labor on this website. Gloria delights in getting into investigations and it’s obvious why. Most people hear all concerning the dynamic method you present powerful guidelines on this website and as well boost response from other individuals on the subject matter so our own daughter is truly studying a lot of things. Take pleasure in the remaining portion of the new year. You’re the one carrying out a splendid job. GPW Law
ReplyDelete