As he pays off these back tax debts, interest on the back tax debts, and penalties on the back tax debts, is any of the payment potentially deductible on his federal taxes? Only the tax is deductible, on the Schedule A for the year in which it's paid, as already noted. PhilRule Your Retirement Home Fool
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<