I know income tax preparation is deductable, but my question is about when it is deductable; when it is billed, or when it is paid.
I was billed last May for my 2007 tax return, but I have not paid it. (on my lawyer's advice, don't ask...) Presumably I can't deduct it off my 2008 return since I didn't pay anything; if I pay it in 2009 can I deduct it off my 2009 return?
========================================= MODERATOR'S COMMENT: Assuming like just about every individual taxpayer you are on the cash method of accounting, the deduction is taken in the year you paid it.