LO.2 Osprey Corporation, an accrual basis taxpayer, had taxable income for 2012. The company filed its 2012 state income tax return in August 2013 and paid the $8,000 state income tax due for 2012. In December 2012, the company received a notice from the state tax commission that an additional $4,000 of income tax was due for 2011 because of an error on the return. The company acknowledged the error in December 2012 and paid the additional $4,000 in tax in February 2013. Can the $8,000 and $4,000 in state income tax be deducted on Osprey’s 2012 Federal income tax return?