Date:  Thu, 07 Sep 2006
From:  Marvin

Is interest expense for debt used to pay an individual’s income taxes for income from an S corporation or an LLC tax deductible?

Marvin

Answer

Date:  Wed, 04 Oct 2006

Hello Marvin,

No. Debt incurred to pay any income taxes is for a personal expense and is not tax deductible.

Good luck!
Mike Gray

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