Can I Deduct Attorney Fees From My Taxes For Work I Did Myself To Collect A Debt?

Date : November 1st, 2009Category : Tax Attorney Columbus OhioAuthor : Editor3 Comments

I’m an attorney. I did substantial work to collect over $100,000 in fees. Can I deduct what I would have paid an attorney or my hourly rate?

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This entry was posted onNovember 1st, 2009 at 4:12 am. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can Trackback..
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3 Responses

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  1. Judy

    Only if you report what you would have paid as income to offset the deduction otherwise stick to your out of pocket expenses.

    November 1, 2009 4:36 am | #1
  2. Max Hoopla

    No. Your time is worth ZERO.

    November 1, 2009 4:37 am | #2
  3. handsome

    No you can’t. You didn’t pay the fees. And if you had, you’d have to show that amount as taxable income so it would be a wash and wipe out the deduction.

    November 1, 2009 4:51 am | #3