Is interest expense for debt used to pay income taxes deductible?
October 19, 2006
Date: Thu, 07 Sep 2006
Is interest expense for debt used to pay an individual’s income taxes for income from an S corporation or an LLC tax deductible?
Date: Wed, 04 Oct 2006
No. Debt incurred to pay any income taxes is for a personal expense and is not tax deductible.
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