Estimated Tax Penalty: Deductable ?

Robert11 · Joined: 25 Aug 2007 Posts: 23

Hello,

Is the extra amount billed by the IRS, and that you paid as a "penalty" for
not paying enough estimated taxes throughout the previous year deductable ?

Thanks,
B.

Archived from group: misc>taxes

cpt banjo · Joined: 03 Dec 2007 Posts: 14

On Feb 27, 7:51 am, "Robert11" wrote:
> Hello,
>
> Is the extra amount billed by the IRS, and that you paid as a "penalty" for
> not paying enough estimated taxes throughout the previous year deductable ?
>
> Thanks,
> B.

No.

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