July 8, 2009
If your audited by the IRS, can you write off the cost incurred during the audit, such as bills from your cpa?
kev asked:
fwiw, I’m a loan officer who is 1099′d. I am currently undergoing an audit for the years of 2004 and 2005. i have probably paid my cpa in the neighboorhood of $3,000 dollars thus far and i was just curious if I could write off this money as a business expense, or in some other way.
Dunwoody CPA
fwiw, I’m a loan officer who is 1099′d. I am currently undergoing an audit for the years of 2004 and 2005. i have probably paid my cpa in the neighboorhood of $3,000 dollars thus far and i was just curious if I could write off this money as a business expense, or in some other way.
Dunwoody CPA
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6:41 am
Dunwoody CPA
Yes, as a legal/accounting fee. You’ll be able to deduct it on your 2007 tax return.