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As is typical, Enron has received tax deductions for its contributions of Enron stock to employees' accounts.
A family in Texas, however, might have the same income but lower property taxes and no income tax and thus lower deductions for its federal tax return.
Spending more for the Caltex oil permitted Chevron to overstate deductions for its costs on its United States income tax returns, the authors said.
After further deductions for its own marketing, technology, operating and other expenses, that leaves a thinner piece for Spotify: adding more users, and more streamed music, to its network will help that that proportion become a more valuable one.
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You can claim a deduction for its market value without ever being taxed on the gains.
There's less paperwork than with a private foundation and you can donate closely held (hence hard-to-sell) stock and take a deduction for its full fair market value, which you can't do with a private foundation.
However, the FTC failed to include any provision in the agreement to stop Sketchers from taking a massive tax deduction for its misdeeds.
These are the kinds of stories that dozens of people around the nation have sent to us along with the over 160,000 petitions we presented to the Justice Department this week urging the Justice Department not to allow JPMorgan to get a tax deduction for its expected settlement for mortgage lending misdeeds.
In turn, thin-capitalization rules imply that a company that has too much debt compared to equity will be denied fiscal deductions for part of its interest payments, or that part of interest payments will be reclassified as dividends and will not obviously be considered as fiscal deductions.
They and their allies pointed to a provision that would limit the ability of American corporations with overseas operations to take deductions for paying foreign taxes, which its proponents said would reduce incentives to shift jobs overseas.
What if your state grants a big deduction for contributing to its plan, but you don't like its investment options?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com