Kickbacks and bribes paid to federal officials are deductible only if related to the taxpayer's trade or business.

Name: Kickbacks and bribes paid to federal officials are deductible only if related to the taxpayer's trade or business.
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Question

Quizplus · Accepted Answer

Kickbacks and bribes paid to federal officials are not deductible, even if related to the taxpayer's trade or business. This is considered a violation of public policy and is prohibited under the Internal Revenue Code.

Kickbacks and Bribes Paid to Federal Officials Are Deductible Only