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w_wadi
New Member

I have costs totaling $90k for an initial franchise fees. I was not awarded the franchise, but due to the contract, all of the initial fees were not returned. Can I claim

The fees were paid in cash.
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1 Reply
DaveF1006
Employee Tax Expert

I have costs totaling $90k for an initial franchise fees. I was not awarded the franchise, but due to the contract, all of the initial fees were not returned. Can I claim

No. There would not be a remedy for recouping your franchise fees on your tax return. You may however pursue legal action if there were fraudulent claims made that affected your decision to pursue the franchise, such as  guaranteed approval. 

 

You may wish to retain legal representation to pursue further action in this matter.

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