Found out we made a mistake on 2004 taxes and had to pay IRS almost $2000 in 2006. Can this be deducted or counted as taxes paid on our 2006 return?
2007-02-24 08:26:03 · 4 answers · asked by C. S 4 in Business & Finance ➔ Taxes ➔ United States
No, because it applies to your 2004 tax bill.
Sorry.
2007-02-24 08:28:16 · answer #1 · answered by Anonymous · 0⤊ 1⤋
No, you can't just deduct it on your 2006 return, but you can still amend your 2004 return and get a refund of the extra you should have gotten if the mistake hadn't been made.
2007-02-24 18:31:17 · answer #2 · answered by Judy 7 · 0⤊ 1⤋
No. The liability was for 2004, and federal taxes are never deductible.
If you made any state tax payments, these could be deducted on Schedule A if you itemize deductions.
2007-02-24 16:29:56 · answer #3 · answered by tma 6 · 1⤊ 1⤋
no, federal taxes r not deductable
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2007-02-25 22:37:53 · answer #4 · answered by ellen h 2 · 0⤊ 0⤋