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-   -   Are state tax fines & penalties deductible on 1120s (https://www.askmehelpdesk.com/showthread.php?t=451391)

  • Feb 24, 2010, 08:40 PM
    rinori
    Are state tax fines & penalties deductible on 1120s
    Are state tax fines & penalties deductible on 1120s?
  • Feb 25, 2010, 02:18 AM
    MukatA

    Yes.
  • Mar 10, 2011, 12:19 PM
    treenaught
    On 1120, tax penalties go on sch M-1; on 1120s, they are non-deductible, going on sch k.

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