2006-12-06 13:31:20 · 5 answers · asked by Kim M 1 in Business & Finance ➔ Taxes ➔ United States
my ex keeps putting false petitions in ,so i had to get a lawyer im too stressed to keep handling it my self ,i think the lawyer said i can take acivil case against her but thats more time off from work ,so can i claim these fees on my taxes ,its more then $8000. thanks.
2006-12-06 14:13:18 · update #1
No, you cannot. The only legal fees that could potentially be deducted for tax purposes would be legal fees related to the generation of income.
2006-12-06 16:35:23 · answer #1 · answered by jseah114 6 · 1⤊ 0⤋
Why did you get back pay? With one exception, the money is included in income BEFORE the lawyer fees (high AGI) and then the lawyer fees are deducted on schedule A for normal taxes and NOT for AMT. If it's a really large settlement, it will trigger AMT, meaning that you pay taxes on the money you paid the lawyer anyway.
2016-05-23 02:27:00 · answer #2 · answered by Regina 4 · 0⤊ 0⤋
Not unless the fees are related to producing income.
2006-12-06 14:40:28 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋
If the fees are for legal advice for your business.
2006-12-06 13:51:14 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
i would think if they were for a business deal or mortgage transaction. if they were to get your lover out of lockup for a drug violation or DWI no.
2006-12-06 13:40:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋