09-08-2014, 11:42 PM
(09-08-2014, 09:59 PM)dabigv link Wrote:I bet the ---- deducts it from his taxes.
That was my initial reaction. On reflection, I don't think he can deduct it as a charitable contribution nor does he need to. If the fine is a binding obligation that gets forgiven as a result of the contribution, he would have received benefits equal to the contribution, thus disqualifying the entire contribution. However, I suspect he can write it off as an employee business expense.
