Which of the following expenditures is most likely to be deductible for a constr
ID: 2371564 • Letter: W
Question
Which of the following expenditures is most likely to be deductible for a construction business?
A.
A fine for a zoning violation.
B.
A tax underpayment penalty.
C.
An "under the table" payment to a government representative to obtain a better price for raw materials.
D.
A payment to a foreign official to expedite an application for a business permit.
E.
An arm's length payment to a related party for emergency repairs of a sewage line.
A.
A fine for a zoning violation.
B.
A tax underpayment penalty.
C.
An "under the table" payment to a government representative to obtain a better price for raw materials.
D.
A payment to a foreign official to expedite an application for a business permit.
E.
An arm's length payment to a related party for emergency repairs of a sewage line.
Explanation / Answer
An arm's length payment to a related party for emergency repairs of a sewage line.
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