In 2017 I paid $6,000 to IRS for CP521/Installment Agreement. Can I deduct these as a tax expense?
The CP 521 arose out of nonpayment of my small business payroll withholding taxes, and was a combination of back taxes and high interest rates on the unpaid back taxes that have now been fully paid.
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1 Replies
Phillip1
New Member
Jun 4, 2019 9:28:01 PM
No.
Federal taxes, interest, and penalties are not deductible on your individual income tax return