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    MeaningOfLife's Avatar
    MeaningOfLife Posts: 16, Reputation: 3
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    #1

    Oct 16, 2011, 11:06 AM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Oct 27, 2011, 08:41 AM
    Yes, they will. NSF fees are punitive fees that are not normal bank fees and thus NOT deductuble.
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