Are Factoring Fees Tax Deductible? | | Yes | 50% | | No | 16% | | Not sure | 33% | | | | | Question: Are Factoring Fees Tax Deductible? Top Answer (50% of 6 votes): Yes.
Answer: Yes
Explanation: Check with your tax advisor. You can find resources online that explains the proper method of record factoring transactions as well. | | Diversified Resources | Answer: No
Explanation: Since factoring fees are not business expenses they are not tax deductible.The fees are the result of the purchase of an invoice. | | Small Business Financial Solutions | Answer: Yes
Explanation: It is a business expense. | | Commercial Mortgage Services |
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