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They will. All fines are deductible except IRS ones[0]. It has nothing to do with them turning a profit either way though. They still have to pay the fine even
by Someone1234 6y ago
They will. All fines are deductible except IRS ones[0]. It has nothing to do with them turning a profit either way though. They still have to pay the fine even if it isn't counted towards their taxable profits.
[0] https://www.investopedia.com/ask/answers/102915/are-irs-penalties-tax-deductible.asp https://www.investopedia.com/ask/answers/102915/are-irs-pena...
- kohtatsu 6y agoGP is wondering if it will be financially worthwhile despite the (non-taxable) fines.