Monthly Archives: March 2017

Tax Court Rules …Legal fees were only deductible as “Miscellaneous Itemized deductions”…watch out !

Legal fees were only deductible as miscellaneous itemized deductions Ellen Sas, TC Summary Opinion 2017-2TC Summary Opinion 2017-2 The Tax Court has held that taxpayers must deduct legal fees that they incurred as miscellaneous itemized deductions subject to the 2% … Continue reading

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President Trump signs Executive order to delay implementation of DOL Fiduciary Regulations

Delay implementation of DOL Fiduciary regulations As reported by Reuters, President Trump on Feb. 3, 2017, signed an executive order that will delay implementation of fiduciary regs issued by the Department of Labor (DOL) for 180 days. The fiduciary rule … Continue reading

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