Question

a. Your client is a self-employed truck driver. Through the course of the year, he has received several speeding tickets. Can he take a business deduction for paying the fines? Why or why not.

What is the ;

Facts:

Issues:

conclusion :

IRS Authorities code:

Analysis and Summary of the case:

Answer 1

unfortunately,no

according to IRS rules,1099 MISC,you may not deduct any fines you have to pay for moving violations or other civil infractions such as parking fines or tickets for failure to property maintain the vehicle.you may deduct legal fee and court cost associated with defending your self in court as a business expense. if your licence is suspended and you have to reinstate it.you may not deduct the fee associated with that process.

the IRS allows you only deduct espenses that are nesessary for your income producing activity,and speeding tickets do not qualify.