Deductibility of Tax Debt Broker Fees
Question
I have a question regarding an individual. We have a client who has engaged tax debt brokers, in regards to his outstanding income tax debt. My question is are the expenses incurred tax deductible or should any amounts paid to tax debt brokers be treated as non- deductible?
Answer
The costs of the preparation of the income tax return is deductible but the tax broker fees are not.