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#4
02-28-2006, 05:10 AM
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 Re: where - quote - > "bill" wrote.....
Penalties. You cannot deduct fines and penalties paid to a> Where in Pub 17 would it state that late fees for property > taxes can't be deducted on Sched. A? government for violations of law, regardless of their nature http://www.irs.gov/publications/p17/ch23.html#d0e53847 << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#3
02-28-2006, 05:10 AM
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| Re: where bill wrote: - quote - > Where in Pub 17 would it state that late fees for property
Probably in the same place it states that penalties for late> taxes can't be deducted on Sched. A? taxes, traffic fines, bank overdrafts, etc are not deductible. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#2
02-27-2006, 09:47 PM
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| Re: where bill wrote: - quote - > Where in Pub 17 would it state that late fees for property
page 194> taxes can't be deducted on Sched. A? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
02-27-2006, 09:47 PM
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| Re: where "bill" <bw1945[at]nospamnow.com> wrote: - quote - > Where in Pub 17 would it state that late fees for property
Probably by *not* mentioning that they are deductible.> taxes can't be deducted on Sched. A? Gary -- The above address is fake. If you want to contact me directly, please send an e-mail to: gary at gdgoodman dot com. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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02-27-2006, 09:27 PM
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| Re: where "bill" <bw1945[at]nospamnow.com> wrote - quote - > Where in Pub 17 would it state that late fees for property
It's not going to say that in Pub 17, or in any other Pub,> taxes can't be deducted on Sched. A? Code or Reg. Nothing the federal government does will ever cover every possible combination of related and/or unrelated issues, questions, and situations. But let's take a look at what you have here. You have a fee because you paid late. That's not a tax, but either interest (which would be personal in nature - not deductible) or a penalty (never deductible). One thing it clearly isn't, is a tax based on the value of the property. It's a late fee based on the amount of the tax itself. -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
02-27-2006, 08:37 AM
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| where Where in Pub 17 would it state that late fees for property taxes can't be deducted on Sched. A? tks bw << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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