Wanted some opinions and thoughts about on this.
I have never sent my clients an itemized bill for tax preparation services rendered previously. But in light of the new tax law I have been considering on my schedule C & E clients allocating the bill so they will be able to deduct part of the bill in 2018 on those schedules.
Is anyone allocating their bill? Am I or my client asking for trouble in do this?
How are you presenting it? How are you determining the allocation? I think in some cases a high % (50% or more) can be allocated to schedules C or E.
Thanks.
IS CPA