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-   -   Problem business client - Are NSF charges considered 'bank charges?' (https://www.askmehelpdesk.com/showthread.php?t=604286)

  • Oct 16, 2011, 11:06 AM
    MeaningOfLife
    Problem business client - Are NSF charges considered 'bank charges?'
    If there is an IRS audit and some bank charges are actually NSF fees. Do you think the auditor would have problems with this?
  • Oct 27, 2011, 08:41 AM
    AtlantaTaxExpert
    Yes, they will. NSF fees are punitive fees that are not normal bank fees and thus NOT deductuble.

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