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Deductions & credits
Can I get a IRS Rev code to find where it says interest can not be deducted on late payments please. I know the penalties are not deductible, but I can not find the actual IRS code that states this. There is a lot of debate about whether the interest on late payments is deductible or not and no one sites the source. Thanks
‎August 16, 2019
1:26 PM