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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. 

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Janey
Level 2

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

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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!

 

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Janey
Level 2

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