4confidencegames
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12albion
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8albion'
Office of Chief Counsel 360x1000
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When Penalties Are Punitive They Are Not Tax Deductible

When Penalties Are Punitive They Are Not Tax Deductible

Originally published on Forbes.com. The pain of penalties from improper activities can be significantly reduced when the penalties are tax deductible.  Code Section 162(f) provides that deduction will not be allowed “for any fine or similar penalty paid to a...