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    IRS Interest Expense

    May a corporation deduct interest paid to the IRS on taxes owed or is it the same concept as an individual(personal interest), who may not deduct it even if attributable to Sch. C income ? Appreciate anyone's help.

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    Originally posted by taxedtothemax View Post
    May a corporation deduct interest paid to the IRS on taxes owed or is it the same concept as an individual(personal interest), who may not deduct it even if attributable to Sch. C income ? Appreciate anyone's help.
    an individual it is dedcutible.

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