Janet did not file her tax return or pay her taxes for 2018 until November of 2019. She paid the following amounts to the IRS related to the late filing and payment of tax: $\begin{array}{lr}
\text { Interest } & \$ 500 \
\text { Underpayment of estimated tax penalty } & 350 \
\text { Failure-to-file and failure-to-pay penalties } & 1,700
\end{array}$ What amount of the above items may be deducted on Janet's 2019 individual income tax return? Explain.

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The Answer of Janet did not file her tax return or pay her taxes for 2018 until November of 2019. She paid the following amounts to the IRS related to the late filing and payment of tax: $\begin{array}{lr}
\text { Interest } & \$ 500 \
\text { Underpayment of estimated tax penalty } & 350 \
\text { Failure-to-file and failure-to-pay penalties } & 1,700
\end{array}$ What amount of the above items may be deducted on Janet's 2019 individual income tax return? Explain.

Janet Did Not File Her Tax Return or Pay Her