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Are state tax fines & penalties deductible on 1120s
rinori
Feb 24, 2010, 08:40 PM
Are state tax fines & penalties deductible on 1120s?
MukatA
Feb 25, 2010, 02:18 AM
Yes.
treenaught
Mar 10, 2011, 12:19 PM
On 1120, tax penalties go on sch M-1; on 1120s, they are non-deductible, going on sch k.