Amended tax form question

[chels-pineda]

In 2016 I paid someone to amend some former tax returns. Would I answer "Yes" for the question "Did you spend money on tax preparation in 2016?"

[LudwigVan_fan · Accepted solution]

Yes, you would answer yes.

Amounts paid for the determination of any tax are deductible under IRC Section 212.  A cash basis taxpayer would deduct the amounts paid in a tax year the amounts paid for tax preparation or representation, regardless of the tax year(s) the fees were paid to prepare.

Thus, amounts paid in 2016 for amending say 2014, 2015, etc., would be deductible on Sch A in 2016.