mountainside13 08:18 PM 01-19-2014
I have had parents pay with debit cards this past year and wondering if I can claim the fee as a deduction? If I can is it 100% or time/space?
Also what about my tax preparation fees from last year?
Thank you!!
TomCopeland 09:06 AM 01-20-2014
Originally Posted by mountainside13:
I have had parents pay with debit cards this past year and wondering if I can claim the fee as a deduction? If I can is it 100% or time/space?
Also what about my tax preparation fees from last year?
Thank you!!
You can deduct 100% of any credit/debit card fees associated with parent payments. You can deduct that portion of your tax preparation fees associated with preparing your business tax forms: Form 8829, Form 4562, Schedule C, Schedule SE.
mountainside13 12:57 PM 01-20-2014
Originally Posted by TomCopeland:
You can deduct 100% of any credit/debit card fees associated with parent payments. You can deduct that portion of your tax preparation fees associated with preparing your business tax forms: Form 8829, Form 4562, Schedule C, Schedule SE.
Thank you!!!