Kostecke CPA

Archive for December, 2017

Are Legal Expenses Deductible?So, are legal expenses tax deductible? If you are going through a lawsuit, a divorce, or a business situation in which you are paying legal fees, you may be able to get a tax benefit. Sometimes you can take a deduction, but when?

Expenses That are Tax Deductible

There are a couple rules of thumb on this.

  1. First, you can deduct legal Read more