Ask Question
26 April, 08:11

If a financial planner becomes certified, then he/she may not deduct the Certified Financial Planner (CFP) dues because it is not necessary to be certified in order to engage in the business of being a financial planner. True or false=?

+2
Answers (2)
  1. 26 April, 10:16
    0
    False

    Explanation:

    This annual fee is for certification renewal and it is non refundable since you have been certified which gives you the authority to use the CFP marks.
  2. 26 April, 11:26
    0
    Answer: False

    Explanation: Any normal and reasonable expense that you incur to run a financial services practice can be deductible under the tax law. For example, rent, salaries, and license fees are all deductible as ordinary business expenses.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If a financial planner becomes certified, then he/she may not deduct the Certified Financial Planner (CFP) dues because it is not necessary ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers