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taxquestiontoday
Employee
May 30, 2019
Question

Is the entire Late fee for a utility deductible for a home business?

  • May 30, 2019
  • 1 reply
  • 0 views
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    1 reply

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    xmasbaby0
    Employee
    May 30, 2019

    Late fees and penalties are not ever deductible.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
      M
      MarkyMarkTax
      May 3, 2023

      This is not entirely true.  Late fees and penalties can be deductible for a credit card.   However , late fees and penalties on federal or state tax due are never deductible.  

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