Home Page link  

C-corp incurred penalties

  
Groups | Search | About
User Password
Register Now! Lost Password?

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
C-corp incurred penalties sterlingtax 06-09-2008
Posted by sterlingtax on June 9, 2008, 8:05 pm
Please log in for more thread options
 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. >>
<< ------------------------------------------------------- >>

Posted by Paul Thomas, CPA on June 10, 2008, 8:54 am
Please log in for more thread options
> Are incurred penalties on C-corps deductible the next year?




Penalties are not deductible.



--
Paul A. Thomas, CPA
Athens, Georgia

--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
HELP!!! Expenses incurred after disposal of Rental Real Estate April 15, 2007, 1:03 pm
Re: Deducting adoption expenses incurred for an adoption that may September 17, 2006, 6:00 am
Penalties for not paying estimated taxes? May 29, 2007, 10:45 pm
Re: Penalties for not paying estimated taxes? June 1, 2007, 10:42 am
Are penalties from a lawsuit settlement taxable? December 9, 2007, 10:34 pm
My accountant filed over 60 days late and now I have $2,300 in penalties. March 23, 2007, 6:31 am
Quick Question on penalties for late payment August 14, 2007, 3:43 am
Big deduction for state tax: implications on estimated tax payments, AMT, penalties June 12, 2008, 9:51 pm
penalties if you discover underpayment of taxes and file amended return April 5, 2008, 1:10 am

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap