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Financial Planning / Tax Strategies


Subject:  Re: Compliments to IRS Date:  2/17/2011  7:34 PM
Author:  ptheland Number:  112335 of 127536

I hope, at least, that you client can take his tax-preparation-fee off his taxes... .

Professional fees for an audit are deductible just like the fees for tax preparation.

So technically, yes, they can deduct them. In reality, this particular client isn't going to get over the 2% of AGI threshold for miscellaneous deductions - even with the fees for an audit thrown in.

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