Donate SIGN UP
Home > Business & Finance > Is penalty & interest , as well as principal, tax deductible for past years?

Is penalty & interest , as well as principal, tax deductible for past years?

Avatar Image
tbutlersmile | 22:22 Fri 04th Jul 2008 | Business & Finance
1 Answers
Is penalty & interest , as well as principal, tax deductible for past years?
prev Veripayment
  
next Halifax ads
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by tbutlersmile. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image Skyline D
Don't understand the question. Penalty and interest on what?

Penalties aren't normally tax deductible whatever they are for. Interest would depend what it's for.

If you're talking about penalties and interest from a tax investigation, then no, it wouldn't be tax deductible for a future year.
22:33 Fri 04th Jul 2008

Only 1 answerrss feed

Do you know the answer?

Is penalty & interest , as well as principal, tax deductible for past years?

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.