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New Member
posted Jun 1, 2019 9:44:23 AM

I paid the taxes for 2014 in 2018 after years of dispute with the IRS, are the interest and penalty deductible?

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1 Best answer
Level 15
Jun 1, 2019 9:44:25 AM

Federal taxes owed and paid for a prior tax year, including penalties and interest, are not reported on nor deductible on a federal tax return.

1 Replies
Level 15
Jun 1, 2019 9:44:25 AM

Federal taxes owed and paid for a prior tax year, including penalties and interest, are not reported on nor deductible on a federal tax return.