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Business & farm
Yes, if you are in business, filing Schedule C, you can take a deduction in the current year for the sales tax portion only, that you were required to pay after the audit. You can also deduct any interest portion paid. As stated by @MaryK4, fines and penalties are never deductible as an expense.
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‎January 28, 2022
5:19 AM
2,209 Views