When and whether legal fees are deductible depends upon the underlying purpose of the fees. If deductible, some fees are considered capital in their nature, and must be combined with depreciable or amortizable assets, and deducted over time. First Rule: In general, legal fees incurred by a busine[...]
Archive for January, 2010
January 12th, 2010 - 6:59 pm § in Business
Preventing Lawsuits
"Nothing can prevent a lawsuit." Why? Because any fool with the price of admission can file a suit.[...]