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vhunt3000
New Member

Made error on past return, are penalties deductible?

 
1 Best answer

Accepted Solutions
DawnC0
Intuit Alumni

Made error on past return, are penalties deductible?

Unfortunately, the U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS).

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1 Reply
DawnC0
Intuit Alumni

Made error on past return, are penalties deductible?

Unfortunately, the U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS).

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