Discussion:Penalties: Sales Tax

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Basic Tax Questions --> Penalties: Sales Tax
Discussion Forum Index --> Tax Questions --> Penalties: Sales Tax

Dgfcpa (talk|edits) said:

8 October 2009
Are penalties paid for late filing, etc. of CA Sales tax returns deductible?

Seaside CPA (talk|edits) said:

8 October 2009
No. Fines & penalties paid to government entites are non-deductible.

Southparkcpa (talk|edits) said:

8 October 2009
Agreed. NOT Deductible.

Dgfcpa (talk|edits) said:

9 October 2009
Here's the reg. saying no....

1.162-21(b)(1)(ii) Paid as a civil penalty imposed by Federal, State, or local law, including additions to tax

To join in on this discussion, you must first log in.