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#1
03-06-2006, 07:03 PM
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are legal expenses deductible w/ s-corp?
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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