Deducting tax preparation fees for streamlined filings

Bnell40 · Post by **Bnell40** » Wed Aug 17, 2016 8:41 am

Canadian resident, US citizen.
During early 2015, I paid very large fees to have my streamlined filings done for 2011-2013. The fees included the 1040's and also all the 3520 and 3520-A's and FBARS etc etc. (It was a firm in the Montreal region and it was incredibly expensive. Never again...) Later during 2015, I also paid fees for a different preparer to do my 2014 1040's. So my total tax prep fees paid during 2015 are very high. I just would like to verify that I can indeed claim all these fees, for 4 years of filings, as itemized deductions on my 2015 return. (They were all paid during 2015).

nelsona · Post by **nelsona** » Wed Aug 17, 2016 8:50 am

Yes, they go against your 2% threshold, so you won't get to claim much.

Cdn firms were awful in how they fear-mongered and then raked their clients with feees.

Bnell40 · Post by **Bnell40** » Wed Aug 17, 2016 9:27 am

Thanks for the help.
Actually, even taking out the 2% threshold, it is still a very big number.

Yes, I think what they did, and are doing still, is terrible, dare I say immoral. FYI, they gave me a quote to continue to do my and my two children's returns every year. It was more than what we spend in a year for groceries.

By the way, in case you're wondering: the number I am claiming is only the amount for me. I am not including the amounts paid for my children's returns.