Subsequent Developments for Tax Advice Deductions
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Subsequent Developments for Tax Advice Deductions
New developments since publication of the article, "Deductions for Tax Advice – The
Commissioner Acquiesces," include the following:
The law applicable to deductions by individuals for tax advice has changed surprisingly
little since publication of the article. Note, however, that expenses incidental to obtaining
tax advice are now clearly deductible (within the usual limits applicable to itemized
deductions). Thus, for example, related telephone calls, parking fees, and mileage
expenses are generally deductible. Bosworth v. Commissioner, T.C. Memo. 1988-190;
Alman v. Commissioner, T.C. Memo. 1983-444; Ltr. Rul. 8321042.
In addition, it is clear a taxpayer must capitalize the cost of tax advice relating specifically to
the acquisition of an identifiable capital asset (e.g., rental real estate) as a part of the cost
of the asset. Honodel v. Commissioner, 722 F.2d 1462 (9th Cir. 1984).
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New developments since publication of the article, "Deductions for Tax Advice – The
Commissioner Acquiesces," include the following:
The law applicable to deductions by individuals for tax advice has changed surprisingly
little since publication of the article. Note, however, that expenses incidental to obtaining
tax advice are now clearly deductible (within the usual limits applicable to itemized
deductions). Thus, for example, related telephone calls, parking fees, and mileage
expenses are generally deductible. Bosworth v. Commissioner, T.C. Memo. 1988-190;
Alman v. Commissioner, T.C. Memo. 1983-444; Ltr. Rul. 8321042.
In addition, it is clear a taxpayer must capitalize the cost of tax advice relating specifically to
the acquisition of an identifiable capital asset (e.g., rental real estate) as a part of the cost
of the asset. Honodel v. Commissioner, 722 F.2d 1462 (9th Cir. 1984).
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advice. The material presented on this website is not intended for use, and may not be used, to avoid tax
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attorney, accountant, or other competent professional) advice based on your own particular circumstances.
covered. However, the information provided on this website is not a substitute for the advice of an attorney,
accountant, or other professional; and the author is not offering legal, accounting, or other professional
advice. The material presented on this website is not intended for use, and may not be used, to avoid tax
penalties. If you need legal advice or other professional help, you should seek (from an independent
attorney, accountant, or other competent professional) advice based on your own particular circumstances.
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