Can Fines and Court Costs be written off on taxes?

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I wish LOL

But no, it's an incurred penalty.

 

Many business operations receive parking tickets with fines on them. These are considered a cost of doing business and they are expensed.

I am sure that many companies expense the overweight tickets as well.

 

I'd really like to sit in on an audit. And watch this in action LOL

 

I have sat on many audits, usually on the opposite side of the IRS.

They have no interest in the expense of 100.00 or so. They are looking for larger amounts that trigger interest.

 

it IS a LEARNING experience(I hope) RIGHT?
so file it under "education"

 

well ticket fines r a expense we truckers ocurr that arnt tax deducteable .. wish we could. i ended up spending around a thousand bucks last year in fines

 

So what you're really saying is, It might not exactly be legal. But it isn't enough to raise a red flag?

 

I could tell you stories of the many things I have seen get pass the agents. I am referring to items larger than 5,000.

Most agents don't quibble the small stuff. Especially if not identified specific.