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Level 2
March 21, 2019

tax preparation expense

  • March 21, 2019
  • 2 replies
  • 12 views

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. 

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2 replies

Level 3
March 21, 2019

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

GoodnessAuthor
Level 2
March 21, 2019

Thank you!

 

Level 2
March 21, 2019

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