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Out of context: Reply #62786
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Funny how if you have a business, you're allowed to deduct your expenses necessary for your business. If you get penalties from the IRS, its necessary for your business to pay it. HOWEVER, you can't deduct it as a business expense?! So this expense becomes part of your income, which means you have to pay additional taxes on that penalty. That's a double-dealing tax corruption within the government.