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Delaware State's Corporation Paperwork fees as deductible business expenses

Forum|Forum|5 years ago
June 29, 2020
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Hi I was wondering what's the best category to put fees charged by the State of Delaware's Corporations Division for sending paperwork such as certificate of good standing or changing a registered agent. Would it be under "legal and professional" fees or "licenses and regulatory" fees? Thank you!

(Form 1120 - C-corp)

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Best answer by Anonymous_

@ineedtaxhelp2020 wrote:
Would it be under "legal and professional" fees or "licenses and regulatory" fees?

Enter it under Legal and professional. There is no such category on the actual Form 1120; TurboTax places it under Other deductions (line 26) and labels the expense as such (e.g., legal and professional).

A

Anonymous_Answer

Employee

@ineedtaxhelp2020 wrote:
Would it be under "legal and professional" fees or "licenses and regulatory" fees?

Enter it under Legal and professional. There is no such category on the actual Form 1120; TurboTax places it under Other deductions (line 26) and labels the expense as such (e.g., legal and professional).