Can tax advisor costs be deducted from taxes if I have no income?
August 7, 2022 | 60,00 EUR | answered by Eva Peters
Dear tax advisor,
My name is Adele Meyer and I have a question regarding the deductibility of tax advisor costs. I am currently unemployed and have no income as I am looking for a new job. Despite this, I have used the services of a tax advisor this year to correctly fill out my tax return and not miss out on possible tax benefits.
My main concern now is to find out if I can deduct the costs of the tax advisor from my taxes, even though I have no income. I am worried that I will be left with the costs at the end of the year and thus be financially burdened. Are there any options or special regulations that would allow me to deduct the tax advisor costs despite my current income situation?
I hope you can help me in this case and show me possible solutions. Thank you in advance for your help and support.
Sincerely,
Adele Meyer
Dear Mrs. Meyer,
thank you for your inquiry regarding the deductibility of tax advisor costs. It is understandable that you are concerned, especially in your current financial situation as an unemployed individual. I will try to provide you with all the relevant information to assist you with your concern.
In general, the costs for a tax advisor can be claimed as advertising expenses or operating expenses for tax purposes. This means that you can declare the costs in your tax return and deduct them from your taxable income. However, there is a limitation: the costs must be directly related to income that is subject to taxation.
In your case, as an unemployed individual with no income, it might be difficult to deduct the tax advisor costs. However, there are some exceptions and special regulations that might help you:
1. Special expenses deduction: Under certain conditions, even unemployed individuals can deduct tax advisor costs as special expenses. This could be possible if, for example, you require assistance with your tax return due to illness or disability.
2. Loss carryforward: If you do not have any income in a particular year, you can make a loss carryforward. This means that losses from one year can be offset against later profits. In this case, the tax advisor costs could be claimed as part of this loss.
3. Counseling assistance: Under certain conditions, counseling costs, such as the costs for a tax advisor, can be covered through counseling assistance. This could be a way to reduce or cover the costs.
It is important that you consult with your tax advisor or a financial expert to discuss your individual situation and find the best possible solution. You could also inquire with the tax office if there are any special supports or regulations that could help you in your case.
I hope this information is helpful to you and that you find a solution to your concern. If you have any further questions, please feel free to contact me.
Sincerely,
Eva Peters, Tax Advisor
