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Old 06-10-2008, 12:54 PM
Paul Thomas, CPA
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Default Re: C-corp incurred penalties


<sterlingtax[at]yahoo.com> wrote
- quote -

> Are incurred penalties on C-corps deductible the next year?




Penalties are not deductible.



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Paul A. Thomas, CPA
Athens, Georgia

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
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Old 06-10-2008, 12:05 AM
sterlingtax@yahoo.com
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Default C-corp incurred penalties

Are incurred penalties on C-corps deductible the next year? Thanks.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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