https://ttlc.intuit.com/community/taxes/discussion/re-s-corp-filing/01/2925612#M1067929 <P>No. &nbsp;You didn't get to deduct the penalty when you paid it so you don't have to declare it as income when you got it back.</P> <P>&nbsp;</P> <P><SPAN style="background: var(--ck-color-mention-background); color: var(--ck-color-mention-text);"><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5188634">@SarahG22</a></SPAN>&nbsp;</P> Thu, 02 Mar 2023 23:54:34 GMT RobertB4444 2023-03-02T23:54:34Z https://ttlc.intuit.com/community/taxes/discussion/s-corp-filing/01/2925583#M1067917 <P>I filed late in 2020 and eventually paid the penalty after a lot of back and forward. I received a refund of the penalty because of covid related reasons. Do I have to mention this when filing my S Corp taxes this year?</P> Tue, 24 Feb 2026 03:53:04 GMT https://ttlc.intuit.com/community/taxes/discussion/s-corp-filing/01/2925583#M1067917 SarahG22 2026-02-24T03:53:04Z https://ttlc.intuit.com/community/taxes/discussion/re-s-corp-filing/01/2925612#M1067929 <P>No. &nbsp;You didn't get to deduct the penalty when you paid it so you don't have to declare it as income when you got it back.</P> <P>&nbsp;</P> <P><SPAN style="background: var(--ck-color-mention-background); color: var(--ck-color-mention-text);"><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5188634">@SarahG22</a></SPAN>&nbsp;</P> Thu, 02 Mar 2023 23:54:34 GMT https://ttlc.intuit.com/community/taxes/discussion/re-s-corp-filing/01/2925612#M1067929 RobertB4444 2023-03-02T23:54:34Z