For months, the debate has raged over the question of whether interest on federal income taxes attributable to a business is deductible for federal income tax purposes. Much of the debate has focused on a North Dakota farm case although the Tax Court in early 1996 decided a case on the issue.
"Is Interest on Taxes Deductible?,"
Agricultural Law Digest: Vol. 7
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol7/iss5/1