Where to report additional tax paid

IRS said I underpaid 2006 tax and sent me their recalculation in 2007 with an amount due and small penalty/interest, which I paid in 2007. Where should this additional tax payment be recorded?

Reply to
Bob
Loading thread data ...

"Bob" wrote

In your checkbook.

There are no federal deductions allowed for federal tax paid.

Since it applies to a prior year, there are no current year credits or off-sets to be made (like there is for estimated payments, etc).

Some states allow for a deduction on their return for federal income tax paid, so look into that.

Reply to
Paul Thomas, CPA

Right. Did you end up owing the state where you live money as well?

Reply to
removeps-groups

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.