Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

tax preparation expense

Goodness
Level 1

On business returns and/or Schedule C, is it true we cannot expense "tax preperation" as an item in the expenses?  Part of accounting is the tax preparation as well. 

0 Cheers

This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion

1 Best Answer

Accepted Solutions
Janey
Level 2

Tax prep is till an expense on a sch C. I put it under legal and professional

View solution in original post

3 Comments 3
MBA_CA
Level 3

No, that's only for Schedule A.   Tax prep cost is still deductible on business returns.

Goodness
Level 1

Thank you!

 

0 Cheers
Janey
Level 2

Tax prep is till an expense on a sch C. I put it under legal and professional