What's Deductible for Legal Fees When Couples Divorce
Category: DIVORCE
The IRS prohibits any deduction for the cost of personal advice, counseling and legal action in a divorce. For example, there's no write-off for what a husband spends to resist his wife's demands for more alimony or to set aside a pre¬nuptial property agreement.
By Julian Block, Contributor
Tax attorney, 2014-02-03