I got a letter from the IRS in Summer of 2006 saying I owed $$ for a previous tax year. Can I deduct this ?

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I got a letter from the IRS in Summer of 2006 saying I owed $$ for a previous tax year. Can I deduct this ?

I paid what was owed on the previous tax filing in 06. My question is, since this was paid with last years INCOME, can this be deducted from my 2006 taxes ???

2007-02-18 09:42:48 · 3 answers · asked by Razor 2 in Business & Finance ➔ Taxes ➔ United States

3 answers

No, it's just an additional Federal tax. Federal taxes are NEVER deductible on a Federal return.

2007-02-18 10:11:30 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 1⤋

No Federal Taxes that you owed for a previous year are Not deductable on the Federal Tax return.

2007-02-18 09:53:53 · answer #2 · answered by Rob 7 · 2⤊ 0⤋

No it can't. Federal income taxes, current or late, are not a deductible expense.

2007-02-18 10:50:59 · answer #3 · answered by Judy 7 · 2⤊ 0⤋