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New Member
posted Jun 6, 2019 2:22:17 AM

Made error on past return, are penalties deductible?

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1 Best answer
Intuit Alumni
Jun 6, 2019 2:22:19 AM

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

1 Replies
Intuit Alumni
Jun 6, 2019 2:22:19 AM

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