TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Legal Fees on Cancelled Debt

April 11, 2011

Today TaxMama hears from Carole in the TaxQuips Forum, with this interesting question. “Can a person deduct legal fees paid to lawyers that negotiated their debt (both personal & business credit cards as well as a mortgage on their personal home) as an