Is are tax preparation fees deductible a business expense?

For small business owners, freelancers, and independent professionals, tax preparation fees can be deducted as a business expense if they are directly related to the preparation of the business portion of your tax return, such as Schedule C for sole proprietors. However, fees related to preparing personal tax returns are not deductible. For example, if you pay an accountant to prepare both your personal and business tax returns, only the portion of the fee attributable to the business return is deductible. It's important to allocate the fee between personal and business services accurately. This deduction is not available for W-2 employees who do not have business income.