Free Consultation|USA Only +1 (866)754 4460|Outside USA +1 (516)822 3100 or +1 (631) 623 5100
InfoTaxSquare.com - Website Logo
  You are here : Home  >   Services  >   Income Tax Filing Across The USA  
TESTIMONIALS
InfoTaxSquare.com - Testimonials  


Can I deduct Penalty on Early withdrawal?

Can I deduct Penalty on Early withdrawal?
 
Existing customers please login to check the status of your order at Infotax Square Login here (0) (0)
 
0/5 stars (0 vote)
Category : > Income Tax Filing Across The USA
Posted On : Tue Oct 06th,2009

 
Can I deduct Penalty on Early withdrawal?
 

Penalty on Early withdrawal

 Enter interest or principal forfeited because of an early withdrawal of time deposits, such as an early withdrawal from a certificate of deposit (CD) that is deductible from gross income by the recipient. Do not reduce the amount reported in box 1 by the amount of the forfeiture.

 The Form 1099-INT or Form 1099-OID you received will show the amount of any penalty you were charged.

 

InfoTaxSquare helps filing Income Taxes in all fifty states. If you need our services please click order now button or for additional information read more. For live assistance can be called at +1 (866)754 4460 or email at support@infotaxsquare.com. 24/7 online help is available!

 

  


Committed to give our users most updated news!
For instant news please subscribe at www.infotaxsquare.com


Leave Your Comments
Your name :
Email Address : Will not be published
Please enter your email if you want us to send answer to your email. We have a strict policy of not to share your email address with any other party.
Your message :
Insert these letters into the textfield below: (required, case-sensitive): ITQPN
Do you want to Subscribe for
InfoTaxSquare Business News Bulletin?
Yes
No
Comments (0)
Load More
No Comments found, Be the first to write comment
 


Copyright © 2010, Infotax Square All Rights Reserved.
InfoTaxSquare.com - Allows Payment Processing With Visa, MasterCard, American Express and Discover
Terms and conditions, features, support, pricing and service options subject to change without notice.