Fines paid in the course of carrying on a trade or business generally are deductible if there is a related business purpose.

Name: Fines paid in the course of carrying on a trade or business generally are deductible if there is a related business purpose.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fines and penalties paid to a government for the violation of any law are generally not deductible as business expenses, regardless of any related business purpose.

Fines Paid in the Course of Carrying on a Trade