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New Member
posted Jun 4, 2019 9:27:57 PM

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
New Member
Jun 4, 2019 9:28:01 PM

No. 

Federal taxes, interest, and penalties are not deductible on your individual income tax return