Is the entire Late fee for a utility deductible for a home business?

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Is the entire Late fee for a utility deductible for a home business?

Late fees and penalties are not ever deductible.

**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.**

Is the entire Late fee for a utility deductible for a home business?

This is not entirely true. Late fees and penalties can be deductible for a credit card. However , late fees and penalties on federal or state tax due are never deductible.

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