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Home Q & A Board Other Fields Homework Help Business Accounting
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Augustus1 Augustus1
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7 years ago
During the current year, Lucy, who has a sole proprietorship, pays legal and accounting fees for the following:

Services performed to resolve a business contract   $ 5,000
Services rendered in resolving a federal tax deficiency
   relating to her business   2,000
Tax return preparation fees:
   Allocable to Schedule C   1,800
   Allocable to Schedule E   800
   Allocable to remainder of Form 1040   900
Legal fees incident to her divorce (no tax advice)   2,000

What amount is deductible for AGI?
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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7 years ago
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Augustus1 Author
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#2
7 years ago
I'm forever indebted to you!

THANKS
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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