Starting Your Business/Keeping Tax Records
What are Business Expenses
Accounting/Bookkeeping Expenses
Legal and professional fees, such as
fees charged by accountants, that are ordinary and necessary
expenses directly related to operating your business are
deductible on Schedule
C or C-EZ.
However, you usually cannot deduct legal fees you pay to
acquire business assets. Add them to the basis of the property.
Important References
Publication
334
Tax Guide for Small Business
Form
1040 Schedule C
Profit or Loss from Business
Form
1040 Schedule C-EZ Profit or Loss from Business