11.A taxpayer is claiming tax preparation expense as a legal and professional fee. They paid $430 at your office last year. The forms breakdown by cost is as follows: Form 1040- $100 Form Sch. C- $125...

11.A taxpayer is claiming tax preparation expense as a legal and professional fee. They paid $430 at your office last year. The forms breakdown by cost is as follows:

Form 1040- $100
Form Sch. C- $125
Form SE- $55
Form 8867- $75
Form 8863- $75

What is the correct amount that can be deducted on their Schedule C for the current year?

Choose one answer.

	a. $280
	b. $180
	c. $355
	d. $430

Jun 10, 2022

SOLUTION.PDF

11.A taxpayer is claiming tax preparation expense as a legal and professional fee. They paid $430 at your office last year. The forms breakdown by cost is as follows: Form 1040- $100 Form Sch. C- $125...

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