Solved: Made error on past return, are penalties deductible?
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Made error on past return, are penalties deductible?

 
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Level 12

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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Level 12

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).

View solution in original post

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