are legal expenses deductible w/ s-corp?
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are legal expenses deductible w/ s-corp?

 
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Tedman



Joined: 07 Mar 2006
Posts: 1
Posted: Tue Mar 07, 2006 1:03 am    Post subject: are legal expenses deductible w/ s-corp? Reply with quote
I have an S-corp and just learned I must pay a substantial amount of money to a former client's law firm to settle a lawsuit-
My attorney is asking for an extended "payment plan;" but I need to know if I can deduct these payments over the next 36 months?
Thank you in advance for your help.

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