You can deduct part of this cost on next years tax return. Here is a quote from the IRS website:
Tax preparation fees. You can deduct on Schedule C or C-EZ the cost of preparing that part of your tax return relating to your business as a sole proprietor or statutory employee.
Shop2LiveinFL Wrote:
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> LisaSTL Wrote:
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> -----
> > I'm firmly on the side of letting someone else
> > prepare my taxes. You do realize the cost of a
> tax
> > preparer is tax deductible, lol!
>
>
> I asked the tax preparer/accountant that last
> night and he said that I couldn't because I was
> not filing a Schedule A. I got reamed on the cost
> of all the forms I had to file. FT job, 401K, IC
> job, and three other forms. I got a $345.00
> refund but I had to pay $306.00 for the tax
> preparation. But at least I didn't owe.