If your audited by the IRS, can you write off the cost incurred during the audit, such as bills from

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fwiw, I'm a loan officer who is 1099'd. I am currently undergoing an audit for the years of 2004 and 2005. i have probably paid my cpa in the neighboorhood of $3,000 dollars thus far and i was just curious if I could write off this money as a business expense, or in some other way.

If your audited by the IRS, can you write off the cost incurred during the audit, such as bills from your cpa?

Yes, as a legal/accounting fee. You'll be able to deduct it on your 2007 tax return.

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