Is the interest amount that we paid to the IRS deductible? ALABAMA'S #1 TAX SERVICE

Interest and penalties paid to the IRS on federal taxes are not deductible.
For more information, refer to:

• Items You Cannot Deduct in the Interest Expense chapter in Publication 17, Your Federal Income Tax for Individuals
• Tax Topic 505, Interest Expense
• Publication 529, Miscellaneous Deductions

 

MOORE'S SERVICE, LLC

2160 Green Springs Hwy, S. Suite E. 

Brimingham, AL 35205

Phone: (205) 324-8753

Email: mooresservices1@gmail.com

Website: www.mooresservicesonline.com

Blog: www.mooresservices.blogspot.com

Tags: Google, Yahoo, Bing, AOL, MSN, Ask, Mywebsearch, Blekko, Lycos, Dogpile, Webcrawler, Infoinfospace, Search, Excite, Goodsearch