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JamesAndKatie
New Member

We received a correction from the state of Illinois for our 2015 return. We have since paid the tax, penalty & interest. Do we need to do anything for this years return?

We did not receive any paperwork since signing the adjustment and paying the fees.
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xmasbaby0
Level 15

We received a correction from the state of Illinois for our 2015 return. We have since paid the tax, penalty & interest. Do we need to do anything for this years return?

The money you paid to the IRS for a previous year’s federal tax return is not deductible, so you do not enter it anywhere on your 2016 return.  If you paid taxes due in 2016 to your state or local government, you can enter that by going to Federal> Deductions and Credits> Estimates and Other Taxes Paid> Other Income Taxes.  You can enter the taxes you paid, but do not include any penalties or interest.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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1 Reply
xmasbaby0
Level 15

We received a correction from the state of Illinois for our 2015 return. We have since paid the tax, penalty & interest. Do we need to do anything for this years return?

The money you paid to the IRS for a previous year’s federal tax return is not deductible, so you do not enter it anywhere on your 2016 return.  If you paid taxes due in 2016 to your state or local government, you can enter that by going to Federal> Deductions and Credits> Estimates and Other Taxes Paid> Other Income Taxes.  You can enter the taxes you paid, but do not include any penalties or interest.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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