TITLE

IRS Reverses Stance on Fee Deduction

PUB. DATE
April 2009
SOURCE
American Banker;4/9/2009, Vol. 174 Issue 68, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Internal Revenue Service (IRS) will allow taxpayers to deduct on their 2008 tax return fees that credit or debit card processors charge on electronic income tax payments. Federal laws prohibit the IRS from paying fees associated with those transactions, the article states.
ACCESSION #
37592187

 

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